Assignment: Bit Coin
1. Should John Brown buy bitcoin or any other digital currency? Why or why not? Should he consider a short position instead? Is bitcoin along-term investment asset or a short-term trade?
2. Is Bitcoin an asset, a commodity, or currency? Does it matter? How does one buy bitcoins?How are they created?Why were they created in the first place? What are they used for?
3. How is bitcoin separate from blockchain?
4. Why has the price of bitcoin increased over 500% in such a short amount of time? What factors may be behind its sharp rise in price? What are potential risks of buying bitcoin at this time?
5. What is the regulatory response thus far regarding bitcoin? How should Brown factor in potential regulation into his investment thesis?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.