The Bitcoin Barons: How a marketer and a money launderer sold Montana on digital gold

"We need for the company to come do face-to-face," says Burt Caldwell, the Bonner-Milltown Community Council’s secretary. "We think the right thing to do is for the company to come face the community and acknowledge there’s an issue."

“It’s like pretend money to me, or being in Vegas,” says James Grunke, who on Jan. 19 announced his departure from Missoula Economic Partnership to pursue other opportunities out of state.

But should Montanan communities bank on it? Is bitcoin just another gold rush? And who will be left holding the bag if the rush goes bust?

“Those are good questions,” James Grunke says. “They aren’t ones we’ve thought about.”

Derek Brouwer

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