Hedging Risk

In my last post I talked about some of the issues that many people have when it comes to trusting Bitcoin. Speculation and volatility are too high and it's seen as a risky move to start accepting it as a regular currency. Luckily, there are a lot of players in the community who are working through these issues to help build trust with potential adopters. I recently came across the news that Coinbase is now allowing merchants to instantly sell their Bitcoin and convert it into dollars. This will help alleviate and hedge any risk that merchants may have with using it for transactions. The hope is that if more companies start making moves like this, more people will start adopting and using it on a regular basis. And that is a good thing for the community that already uses it.

I'm also starting to come across many articles and news stories about Bitcoin entering it's disruptive phase, including this video from Bloomberg. Whether you are interested in this market or not, it is definitely going to start making a larger impact soon.