By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
Over the past few years, a growing number of high-profile Wall Street personalities have said they were investing in Bitcoin.
But one big name was buying Bitcoin years when most of the others were ridiculing it: Legendary fund manager Bill Miller.
Having bought Bitcoin in 2014, Miller remains optimistic about the cryptocurrency's future.
In several recent interviews Miller gave his take on why he still owns Bitcoin and why he thinks it has so much potential.
And some of what he said will surprise you...
By Mike Butta, Associate Editor, Money Morning - • Print | Email
Today, we'll show you how to value Bitcoin using a different model – one which allows us to compare its value to other scarce assets like silver ($308 billion market cap) and gold ($8.4 trillion market cap).
You see, Bitcoin should be compared these precious metals since they also aren't income producing businesses, yet they hold significant value in this world because they're also limited in supply and unforgeable.
To date, this model has correctly explained 95% of the price of Bitcoin within two standard deviations of its projected mean.
And it predicts Bitcoin's market cap will surpass $1 trillion (or $55,000 per Bitcoin) by 2021.
By Money Morning Staff Reports, Money Morning - • Print | Email
According to Money Morning Tech Specialist Michael A. Robinson, Bitcoin is about to enter into its third wave. And we are already seeing the very beginnings of it.
Bitcoin spiked over 334% in 2019. And make no mistake, It's just getting started.
And if it does, it's going to create a whole new group of millionaires.
By Money Morning Staff Reports, Money Morning - • Print | Email
There are several things that are going on all at the same time in 2020 that have simply never existed before.
In the Bitcoin 2020 Masterclass, we'll outline all the factors that could send Bitcoin absolutely soaring again.
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
Bitcoin volatility made another dramatic appearance recently, with the Bitcoin price soaring as much as 35% in less than a day.
The primary culprit was a statement by China's president that it was time for his nation to "seize the opportunity" of blockchain technology.
While that stirred up the markets, it wasn't the only reason Bitcoin shot up so quickly.
Something more was going on...
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
Bitcoin options trading is much like trading stock-based options, but there are a number of key differences.
For investors who want to explore this alternative way of investing in Bitcoin, Money Morning has put together a comprehensive guide.
This is everything you need to know about trading Bitcoin options...
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
The U.S. Securities and Exchange Commission denied yet another Bitcoin ETF proposal, this one from Bitwise.
The SEC has a long history of denying and delaying these proposals, so much so that some now believe it will never happen.
But while the SEC rejection was harsh, the reality is that the Bitcoin markets have made a lot of progress over the past two years.
Here's why we will definitely see a Bitcoin ETF at some point...
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
You'd think a Bitcoin price drop of 22% in just five days would have sent investors into a blind panic.
But for the most part, the crypto community just brushed it off.
Contrast that to what would happen on Wall Street if the Dow Jones Industrial Average were to plummet 22% in one week.
But Bitcoin is not like stocks or other assets.
Here's why the price of Bitcoin fell - and why investors were unfazed...
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
The Bitcoin hash rate, though it gets little attention in the mainstream media, is actually the best barometer for measuring the digital currency’s long-term prospects.
That’s because the hash rate measures how much mining power is being used to create new bitcoins.
And lately, the Bitcoin hash rate has been sending a very clear message…
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
A Wall Street analyst with an interest in cryptocurrency set off some wild speculation when he tweeted about the possibility of a Bitcoin ban by U.S. President Donald Trump.
The theory he put forth is that since Trump used his executive authority to ban e-cigarettes, he could do the same with Bitcoin.
Crypto twitter pounced, and several articles appeared on crypto news sites.
But here's why there's no need for anyone to panic...
