If you have bitcoins, you will be set financially speaking, the future will be digital and decentralized. Gold and silver are good, but bitcoin will be better. Buy and hold, it is just a matter of time for it to become mainstream.
In the long run each bitcoin will be worth much more than that. It has a limited supply and is divisible in small fractions, so a car will cost 100 millibits. Buy one bitcoin now.
New York Drops Bitcoin Ball With Tedious Licensing Regs
New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency's chief left--and took skilled workers with him. According to Reuters, since the chief left, only two BitLicenses have been issued by the Department of Financial Services. Most companies that were operating in New York when the regulations took effect can still do business there while waiting for a license. However, start-ups may face trouble raising money or expanding their business. In fact, the slow licensing process and strict requirements are driving some companies away. An application costs $5,000 to file, and lawyers say that once completed, can run 500 pages - including everything from compliance manuals to executives' fingerprints.
