Houston lawyer Jay Blass Cohen told the ABA Journal that bitcoins — which can't be traced — aren't any riskier than accepting cash.
"In my area, people want to keep things as discreet as possible," Cohen told ABA Journal, "and I don't really see any downside, because its traded on public exchanges."
Developed in 2008,
The value of bitcoins skyrocket and dip pretty much constantly. Cohen, who bought roughly $200 worth of Bitcoin in March, acknowledges the virtual currency is incredibly volatile and says he plans to immediately exchange them for cash.
He said it's common for criminal defense
“It would be similar to if someone came in with a Rolex watch," he told Wall Street Journal's Law Blog.