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In this Straits Times (Singapore) article, “Bitcoin ATM machines crash as price of cryptocurrency soars”, Morrison & Foerster Associate Nick Davies commented on the recent demand for bitcoin, as the price of a bitcoin surged past US$16,000, a 1,600 percent increment since the start of the year.

Bitcoin ATM machines crash as price of cryptocurrency soars

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In this <a target="_blank" href="http://www.straitstimes.com/singapore/bitcoin-atm-machines-crash-as-price-of-cryptocurrency-soars">Straits Times (Singapore) article</a>, “Bitcoin ATM machines crash as price of cryptocurrency soars”, Morrison & Foerster Associate Nick Davies commented on the recent demand for bitcoin, as the price of a bitcoin surged past US$16,000, a 1,600 percent increment since the start of the year.“The practical use of bitcoin is still quite limited", he said. This surge has "all the hallmarks of a 'get-rich quick' scheme."