It’s not like investing in Apple or IBM. Cryptocurrencies with names such as Bitcoin, Ethereum, Litecoin and Ripple have captured the attention of people willing to take a chance on the latest investment craze.
Will cryptocurrency ever move beyond its risky, volatile reputation? Attorney David J. Sorin, office managing partner at McCarter & English in East Brunswick and co-chairman of its venture capital and emerging growth companies practice, said it has already begun. Cryptocurrencies are becoming “increasingly professionalized,” he said.
“At the beginning, it’s all about the technological innovators,” Sorin said. “Now we’re seeing the development of venture capital funds who are investing in crypto-related technologies.
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