NEW YORK (TheStreet) -- Even as mainstream awareness aboutbitcoin and its possibilities has grown over the past year, the digital currency's volatility has become a cause of worry for investors. <\/p>\n
New this week that a bitcoin exchange in Hong Kong had suddenly closed, taking with it some $386 million worth of investors' money, mark the latest in a long list of hacks and scandals that have plagued the currency. It's also further evidence of what critics say are fundamental problems with the currency. <\/p>\n
Must Read: 10 Stocks Carl Icahn Loves for 2015: Apple, eBay, Hertz and More \"Bitcoin is built with clay feet,\" said Mark Williams, a risk management expert and bitcoin expert at Boston University. \"It isn't built with a focus on trust.\" <\/p>\n
Williams says the currency has a number of structural flaws that have helped to undermine trust. <\/p>\n
<\/p>\n
Read more: <\/p>\n
Bitcoin Scandals Increase Skepticism About Currency's Trustworthiness<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NEW YORK (TheStreet) -- Even as mainstream awareness aboutbitcoin and its possibilities has grown over the past year, the digital currency's volatility has become a cause of worry for investors. New this week that a bitcoin exchange in Hong Kong had suddenly closed, taking with it some $386 million worth of investors' money, mark the latest in a long list of hacks and scandals that have plagued the currency. It's also further evidence of what critics say are fundamental problems with the currency. Continue reading