The Wealthy Are Hoarding $10 Billion Worth Of Bitcoin In Bunkers

May 10, 2018

Argentine entrepreneur Wences Casares has spent the past several years persuading Silicon Valley millionaires and billionaires that Bitcoin is the global currency of the future, that they need to buy some, and that he’s the man to safeguard it. His startup, Xapo, has built a network of underground vaults on five continents, including one in a decommissioned Swiss military bunker. Two Xapo clients said it houses roughly $10 billion of Bitcoin. 

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