The price of bitcoin saw a steady rise this week after briefly dipping down below 700. The price as of the time of writing sits around $745.
For this week’s Bitcoin Tracker, PYMNTS spoke with Darin Stanchfield, founder and CEO of KeepKey, the cryptocurrency hardware wallet.
Stanchfield is a long-time entrepreneur. Prior to founding KeepKey, he sold his first company at age 26 and cofounded a still-operational lead-generation company in 2009. He first became interested in bitcoin in 2011.
Those early years of bitcoin were harrowing. “The experience was that there could be a large hack at any moment and people would lose a lot of funds,” said Stanchfield.
After Mt. Gox — the former bitcoin exchange that in 2013 handled nearly 70 percent of all bitcoin transactions — went down in early 2014 and announced it had lost 750,000 of its customers’ bitcoins (valued at $620 million at the time), Stanchfield began looking for