How the Growing Bitcoin Market Will Cause a $3.4 Trillion Disruption
A tsunami of disruption – courtesy of Bitcoin – is headed directly for several sectors of the financial services industry.
Some of these companies may adapt to a world in which the digital currency plays a major role, but most are likely to become Bitcoin market victims – companies that will struggle and possibly disappear altogether.
This could have a tremendous impact on the U.S. economy, as 20% of the nation's gross domestic product (GDP) derives from the financial sector – an eye-popping $3.4 trillion.These companies can’t afford to wait much longer…
Investing in Bitcoin with $18 Million: Why Tim Draper Did It
When a well-known venture capitalist like Tim Draper is investing in Bitcoin with some $18 million of his own money, there has to be a really good reason.
Draper was the sole winner of the 29,656 bitcoins auctioned off June 27 by the U.S. Marshals Service. Those bitcoins had been seized by the federal authorities that shut down the notorious Silk Road website last fall.He has a plan – and it's why he wanted all those bitcoins in the first place…
Winklevoss Bitcoin ETF Ticker to Be Nasdaq: COIN
In another sign that the Winklevoss Bitcoin ETF is making slow but steady headway, the latest amendment to the fund's S-1 filing with the U.S. Securities and Exchange Commission (SEC) reveals that its ticker symbol will be "Nasdaq: COIN."
Formally known as the Winklevoss Bitcoin Trust, the fund will make investing in Bitcoin as easy as buying shares of stock. Now there's just one question that remains to be answered:When will investors be able to buy the Winklevoss Bitcoin Fund?
Race to Be First "Official" Bitcoin Exchange in United States Heats Up
Within the next few months, we should see the first U.S. Bitcoin exchange. The main contenders have just been waiting for a final set of rules from New York regulators – and those rules are due next week.
While it's not that hard to buy Bitcoin in the United States, the digital currency has lacked the polish of legitimacy that a U.S-based exchange would give it.Here are the top contenders - and a look at the huge impact the first U.S. Bitcoin exchange will have…
The First Bitcoin Stock Could Be This Mining Company
Today you can't buy a Bitcoin stock on the Nasdaq or New York Stock Exchange, but that could change as soon as next year if Bitcoin mining hardware maker BitFury can make its aspirations come true.
The company develops and manufactures the hardware used to "mine" bitcoins, and in its short three-year history has built a powerful reputation.
Now, BitFury's audacious CEO has vowed that his company will be the first Bitcoin IPO.This is why he’s so sure he can make it happen...
These Bitcoin Stock Winners Will Ride the Digital Currency to Profits
Just because Bitcoin is a disruptive technology doesn't mean we won't see some Bitcoin stock winners – companies that will exploit the digital currency for the benefit of their own businesses.
We can find Bitcoin stock winners in several industries. Some are reaping a benefit now, while others will need to wait a few years until Bitcoin "goes mainstream," and average people start using it.Here are the stocks that investors need to watch…
Bitcoin Stock Losers That Will Get Crushed by the Digital Currency
You'd think the Bitcoin stock losers -the credit card companies, big banks and international payment companies — would be worried about the digital currency.
But they're not.
In fact, the companies most threatened by Bitcoin, the credit card industry, haven't even bothered to list the digital currency as a risk in its Securities and Exchange Commission (SEC) filings.But their failure to recognize this existential threat is going to pummel their stocks…
Venture Capitalists Are Investing in Bitcoin at the Fastest Pace to Date
Venture capitalists are stepping up the pace of investing in Bitcoin, a powerful sign that the digital currency is on track to fulfilling its promise of being the most innovative and disruptive force since the Internet.
According to a running tally on the CoinDesk website, venture capital Bitcoin investments in May alone was $56 million, which was nearly as much as the 2014 total through the first four months, $57.24 million.Here's what venture capitalists are seeing that has convinced them to pour ever-increasing amounts of money into Bitcoin...
Why the Bitcoin Price Is Falling This Week
After a recent 45% pop, the Bitcoin price is falling again. But this time it's not China, but a move by the U.S. government that's to blame.
The U.S. Marshals Service has announced that it will auction off 29,656 of the bitcoins it seized from Silk Road, the illegal drug website the FBI shut down last October. The Bitcoin market grew concerned over what that might do to the market.But it could get worse -- those bitcoins are just a fraction of what the U.S. government seized...
Our Most "Unconventional" Investment Is in an Incredible Rally Right Now
Investing in Bitcoin may go against the grain – as it is anything but a conventional investment – but sometimes that's what it takes to maximize your returns.
And lately, those who have been investing in Bitcoin despite a string of bad publicity for the digital currency have been rewarded to the tune of a 45% gain in less than a month.
In recent months, we've seen a number of negative Bitcoin stories in the mainstream media, suggesting it was a bubble in the making.
During that period, I have remained one of the few tech analysts to say the Bitcoin market remains not only healthy, but faces a very bright future indeed…Full Story...