• Cryptocurrencies and Trustees’ Duty to Invest Prudently: Navigating fiduciary Duties in the Age of Decentralization
  • November 14, 2018
  • A now-infamous Australian man mistakenly threw away a hard drive containing 1400 bitcoin.2 He bought those 1400 bitcoin for $25—total. But with the price-per-bitcoin hovering around $8,200 as of May 31, 2018, those 1400 bitcoin are worth more than $11 million. This incident demonstrates how important it is for every trustee to have some understanding of cryptocurrency. It is simply no longer acceptable to ignore it as a fad, a scam, or a play toy for geeks and day traders.