Bitcoin Will Never Be a Currency—It's Something Way Weirder | WIRED
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A new kind of hedge fund bets that bitcoin is way more valuable if you don't think about it mainly as money.
Save this story Save this story The value of bitcoin surged past $1,000 this week, the first time it has reached such heights since late 2013. But don't let that big number fool you: this strange and controversial technology is no closer to becoming a mainstream currency. Even Olaf Carlson-Wee, the first employee at Coinbase, the country's most important bitcoin company , will tell you that bitcoin will never be a substitute for the dollar. "It was a big mistake that any of this was ever compared to currency," Carlson-Wee says. 7,500 Faceless Coders Paid in Bitcoin Built a Hedge Fund’s Brain O
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