North Korea is Mining Bitcoin But So Is….Fidelity?!?

There is a story here about North Korea using excess coal reserves to mine Bitcoin.I’m not really sure what the value of Bitcoin is to them if they lose all of their trading partners. I guess its all Black Market stuff they would be buying – I’m just not sure the Bitcoin black market is big enough to satisfy the needs of a sovereign nation. That being said I’m totally ignorant on the subject.

What I want to note here is the dichotomy between North Korea, our arch enemy, and Fidelity – a darling of Wall street and all that America stands for. Read here about Fido.

They’re both mining Bitcoin! If both the bad guys and the good guys see the utility in Bitcoin then what does that make Jamie Dimon?

I would have thought the news about Fidelity mining bitcoin would have pushed the bitcoin price up a bit more – but some rumors out of South Korea (the “good Korea”) banning ICO’s put a bit of a damper on things. I would note that at the time of this writing Bitcoin recovered to ~$4,200 USD but ethereum had not regained $300. Certainly this ICO news (if verified) would hit Ethereum harder than Bitcoin.