Netherlands’ Ministry of Finance invests €100 million into cryptocurrency
The Ministry of Finance of Netherlands has just announced its newest business venture, Bitcoin Revolution, which is a public cryptocurrency platform that allows anyone to be a part of this currency revolution. Bitcoin Revolution was created by David Richmond, a cryptography professional who left a government funded code breaking program after finding success in Bitcoin mining.
The Ministry of Finance is an early Bitcoin investor and has made over €500 million in the last year alone on this currency. “Bitcoin is exciting because it shows how cheap it can be,” a representative told Erik Schatzker during a Bloomberg TV’s Smart Street show interview yesterday. “Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” The Dutch government believes in Bitcoin so much that they just invested €100million into acquiring a seat at the board of directors in Bitcoin Revolution, which is about to go public due to its widespread success in the world of cryptocurrency.
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