Bitcoin: Examining the Benefits and Risks for Small Business

We have previously posted many times about Bitcoin—most recently, here, here, and here.

Last month, L. Michael Couvillion, an associate professor of economics in the College of Business Administration at Plymouth State University, and a colleague of Business Law Basics co-author Sam Brickley, testified about Bitcoin before the House Committee on Small Business. The video is available here. (Professor Couvillion's oral testimony begins at 25:00.) And Professor Couvillion's written testimony is available here.

Professor Couvillion’s testimony was also reported in numerous news outlets, including the Wall Street Journal, which noted his prediction that “Digital currency is here to stay and will ultimately thrive as partial substitutes for credit cards and fiat currency.”

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