As Bitcoin phenomena begins to get more and more mainstream media coverage, I thought I would share a blog post from Knowledge Leaders Capital that may answer questions you have on this topic.
Click on the link below to read their opinion of Bitcoin:
http://blog.knowledgeleaderscapital.com/?p=13746
The prominent underlying risk of using bitcoin as a medium of exchange is that it is not authorized or regulated by any central bank. Bitcoin issuers are not registered with the SEC, and the bitcoin marketplace is currently unregulated. Bitcoin is a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment. Securities that have been classified as Bitcoin-related cannot be purchased or deposited in Raymond James client accounts.
