Bitcoin has been making major headlines recently. Starting with a year-end high price of $817.12 which would have returned 56X or 5,600% in 2013 to the over $500 million theft from the Japanese exchange Mt. Gox in February. Then Apple removes the Bitcoin app from its app store and finally the IRS announces its position on the taxability of virtual currencies on March 25, 2014.
Which raises the question, is Bitcoin a passing fad or disruptive technology that we need to take seriously?
This deck covers the background and latest information about Bitcoin and the IRS guidance on taxation and virtual currencies.