Could Cryptocurrencies Present the Potential to Diversify Tribal Assets?

While cryptocurrencies operating on blockchain technology have existed since 2009, when Bitcoin was introduced, the past few years have seen a dramatic increase in cryptocurrency value and adoption. While Bitcoin is the most well-known, there are nearly 5,000 cryptocurrency assets listed on Coinbase.com, although only 56 are currently available for trading.

Bitcoin has seen a rapid increase in value since its introduction and particularly over the past year. A theoretical $1,000 invested in Bitcoin in August 2013 would be worth more than $511,000 today, and $1,000 invested one year ago (April 26, 2020) would be worth $6,962.78 at the time of this writing.

Blake Trueblood (Choctaw), an attorney who currently oversees the legal affairs over a variety of private equity backed companies with combined assets of more than $150 million, has been following cryptocurrencies since he read an article about them on a technology blog back in 2013. That led him down a rabbit hole of learning and understanding what Bitcoin was and the transformative potential of blockchain technology.

Read more https://nativesociety.org/could-cryptocurrencies-present-the-potential-to-diversify-tribal-assets