Everyone is crazy about Bitcoin! Alabama Securities Commission Director Joseph Borg spoke about the new investment craze today on CNBC. Apparently, people are taking out mortgages to buy Bitcoin.
"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg. "This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in."
Recently, it was reported that the Winklevoss twins became the first Bitcoin billionaires. Also, Bone Thugs-N-Harmony member Bizzy Bone says he invested in Bitcoin early. “The world is changing, and we have to change with it", said Bizzy Bone.
What do you think about the Bitcoin phenomenon?
Source: cnbc.com
