Bitcoin is Not an Investment and Not a Currency Claims Author Jeffrey Robinson

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Jeffrey Robinson, author of "bitcoin: The Naked Truth," discusses the skepticism about bitcoin, digital currency regulation and the future of cryptocurrencies.

Bookmaker accepts most crypto-currencies

"In the last 36 hours some interesting things have happened in the Bitcoin world," notes Robinson.  "Starting with the CEO of Visa, who when asked if they would go to Bitcoin, said 'No, it's a lousy payment system'.  And then yesterday the SEC refused to authorize Bitcoin ATFs."

He added that "the SEC has a history of authorizing all sorts of candy cotten investments".

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