And what will happen to crypto assets if official digital currencies become popular? “Cryptocurrencies will survive as a form of payment within the underground economy, illegal activities and tax evasion. They compete with $100 bills,” predicts Kenneth Rogoff, a former IMF chief economist. “They’re going to be used for speculation and crime,” agrees Emilio Capela, a partner at McKinsey & Company. However, several experts believe in redemption. Bitcoin could become england Matt Ong is CEO of B2B Alternative Asset Solutions provider, Ctrl Alt. Read Matt Ong's full executive profile here.

Groce was engaged to be married, and planned to use some of his bitcoin earnings to pay for a wedding in Las Vegas later in the year. He had tried to explain to his fiancée how they could afford it, but she doubted the financial prudence of filling a room with bitcoin-mining rigs. “She gets to cussing every time we talk about it,” Groce confided. Still, he was proud of the powerful computing center he had constructed. The machines ran non-stop, and he could control them remotely from his iPhone. The arrangement allowed him to cut tobacco with his father and monitor his bitcoin operation at the same time. How does claiming capital losses work? Fiorenzo Manganiello is a professor of blockchain technologies and Co-Founder of LIAN Group, a pan-European venture capital firm investing in disruptive technologies, and COWA, a leading renewable Bitcoin mining company. In 2016, he founded the investment banking team of a Swiss private bank, and has led several teams dedicated to ultra-high-net-worth clients. He is fluent in six languages and his distinguished academic background includes attendances at IMD, London School of Economics, and Luiss Business School.