The meteoric increase in value of cryptocurrencies like Bitcoin, Ether and Litecoin – and many others – has ignited a worldwide investment frenzy and frequent double-digit price fluctuations. Such volatility has led many of the preeminent voices in finance, including Jamie Dimon and Warren Buffett, to call Bitcoin a "fraud" and "mirage." And yet the collective market capitalization of Bitcoin and the other Top 10 digital currencies is roughly half a trillion USD. Is Crypto a global Ponzi scheme, the legitimate currency of the future, or something in between?
In this photo:
Bill Tai, Venture Capitalist; Founder, ACTAI Global
Cameron Winklevoss, Co-Founder and President, Gemini
Tyler Winklevoss, Co-Founder and CEO, Gemini