First 20 minutes of trading sees volatility, with price rising to $16,600 per unit before going down
The potential for hard forks creating new currencies is also a potential cause for concern, since it could lead to inflation, the presentation stated.
The UK and other EU governments plan to regulate cryptocurrencies, including bitcoin, amid concerns they are being used for money laundering.
Whilst the price tag may exclude many from the sale, the meteoric rise in the value of Bitcoin means someone with just £440,000 worth of Bitcoins at the start of 2017 would be able to afford to buy the land today.
Rabbit Investment, LLC announces the first gold and diamond asset backed cryptocurrency and hedge fund in progress. This means every cryptocurrency coin purchase will have 110% backing by real hard assets of gold and diamonds held in a USA located vault.
Calastone has transformed the funds sector, enabling frictionless trading by making it possible for all trading entities and counterparties to connect, interact, process and settle transactions digitally.