Investing in Bitcoin: A Gold Rush for the Digital Age (Graphic)
More than one observer has compared investing in Bitcoin now to getting in on the California Gold Rush of 1849.
And there are numerous fascinating parallels, particularly regarding the area of mining and the wave of people who suddenly took an interest when they realized that fortunes could be made.In this detailed graphic, you can see exactly how Bitcoin and the Gold Rush match up...
Bitcoin IPO Countdown: One of These Five Companies Could Be the First
While there are no imminent plans for a Bitcoin IPO – the first major public offering of a Bitcoin-based company – the steady growth of the Bitcoin economy means it's just a matter of time.
And with venture capital investing ramping up this year, some companies have moved to the head of the pack as the most likely IPO candidates.Let's take a look at each of the five companies with the best chance to make Bitcoin history...
Bitcoin Price Dips Below $600, But Poised for Breakout
After several weeks of relative stability, the Bitcoin price on Thursday (yesterday) suddenly dropped about 3.7%, leaving many Bitcoin enthusiasts wondering what was going on.
With no major Bitcoin news, it looks like Thursday's move may have been the result of a decline in liquidity in the market, which would give a large trade or series of trades an outsized influence on the Bitcoin price.But now several signs are pointing to an imminent run to the upside…
Bitcoin Hedge Funds Multiply As Big Money Sees Opportunity
People who launch and run hedge funds typically are not fools. So the recent proliferation of Bitcoin hedge funds is a powerful indication that expert investors think they've found the Next Big Thing.
About a half dozen Bitcoin hedge funds have launched just this year alone. It's a huge vote of confidence in the future of Bitcoin from people who spend most of their time looking for the best places to put large amounts of money to deliver maximum returns.Here's why the big money is suddenly so hot for Bitcoin...
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…