When you start seeing a lot of Bitcoin news headlines declaring that the digital currency is dead or dying, it can only mean one thing.
Bitcoin prices are bottoming out and will soon start rising.
That’s not the conclusion one would normally draw from a Financial Times story that just pronounced the “end of Bitcoin,” but in this case it’s correct.
When you start seeing a lot of Bitcoin news headlines declaring that the digital currency is dead or dying, it can only mean one thing.
Bitcoin prices are bottoming out and will soon start rising.
That’s not the conclusion one would normally draw from a Financial Times story that just pronounced the “end of Bitcoin,” but in this case it’s correct.
To make sense of this, we need to turn to science…
Online travel site Expedia's (Nasdaq: EXPE) announcement yesterday (Wednesday) that it had started accepting Bitcoin for hotel payments is a significant piece of Bitcoin news, as shows an increasing willingness among big-name merchants to adopt the cryptocurrency.
The Expedia announcement follows that of DISH Network Corp. (Nasdaq: DISH) two weeks ago that it would let its customers pay in Bitcoin, and that of Overstock.com in January.
With the Winklevoss Bitcoin ETF and SecondMarket's Bitcoin Investment Trust just months away from approval, it may be time to consider the addition of a Bitcoin fund to your retirement account.
Bitcoin, you see, can easily be considered an "alternative" investment. Many retirement investing experts advocate setting aside up to 10% of a portfolio for alternative investments, which covers almost any investment outside of stocks, bonds, or cash.
Here’s why a Bitcoin fund just may be the ideal alternative investment for your retirement account…
Investors hoping to get a piece of the Bitcoin price surge are getting anxious waiting for the Winklevoss Bitcoin ETF to hit the market. And an inevitable consequence of the growth of the Bitcoin economy is a proliferation of other Bitcoin investments.
Some of these will be outright fraud; efforts to trick the unsuspecting by offering an investment in Bitcoin that doesn't exist, or some similar chicanery.
But in the rush to raise money for exciting new projects, even well-intentioned folks have gotten themselves - and their investors - into some sticky situations.
One of the best ways to invest in Bitcoin will be via the Winklevoss Bitcoin Trust exchange-traded fund (ETF), which is currently awaiting regulatory approval by the Securities and Exchange Commission (SEC).
Still, because the Winklevoss Bitcoin ETF will be based on a digital currency, there will be some quirks unique to this investment.
Here are answers to some of the questions investors are bound to have...
When you know where to look, it is possible to find a Bitcoin fund to buy now - if you're willing to venture into unconventional territory.
Safer alternatives - such as the Winklevoss Bitcoin ETF (the Winklevoss Bitcoin Trust) and SecondMarket's Bitcoin fund, the Bitcoin Investment Trust - are in the pipeline, but are still awaiting regulatory approval.
Just know this - these funds are not for investors with a weak stomach…
Sensing that it needs a voice in Washington, Falcon Global Capital, a San Diego-based Bitcoin fund, filed lobbying registration paperwork last week.
Some lawmakers have spoken out against Bitcoin in the wake of such black eyes as the Silk Road drug website (which used Bitcoin for payments) and the collapse of the Mt. Gox exchange, lost 750,000 customer bitcoins. Falcon figured a lobbyist could dispel misconceptions and educate lawmakers on the potential of Bitcoin.
But you won’t believe who the company decided to send to Washington…
One of the biggest knocks on the Bitcoin market has been the volatility of the price of Bitcoin, and looking at the price charts over the past six months, it's easy to see why.
But lately, the situation has changed, and this change looks permanent.
The only way to understand what's going on is to take a look at our Bitcoin price timeline...
A sure sign that Bitcoin is gaining traction is to keep track of who is investing in Bitcoin businesses.
And two of the world's more respected business leaders, Sir Richard Branson, chairman of the Virgin Group Ltd., and Jerry Yang, co-founder of Yahoo! Inc. have joined a team that's investing $30 million in Bitpay, a Bitcoin payment processing firm.
The Winklevoss Bitcoin ETF is still awaiting regulatory approval from the Securities and Exchange Commission, but now we know that when the time comes it will debut on the Nasdaq exchange.
Most observers expect to the Winklevoss Bitcoin Trust - the fund's official name - to be approved by the end of the year. It's just one sign of growing Wall Street interest in investing in Bitcoin and Bitcoin funds.
And as Wall Street gets more involved in the digital currency, things will start to change rapidly…
More people and businesses are getting behind the Bitcoin market every day, and that's taking us closer -- inch by inch -- to a point where the use of Bitcoin is commonplace.
And now some truly big name players are getting on the Bitcoin bandwagon.
While the number of merchants who take Bitcoin is growing, actually finding a merchant who accepts Bitcoin hasn't been especially easy. Until now.
A major company that provides information on reviews has just added Bitcoin to the data it provides on some 53 million businesses. And we're talking about a company that gets 100 million unique visitors to its Website each month, and offers a very popular mobile app.
This could be huge for Bitcoin adoption…
Now that Bitcoin has shown it can survive a variety of disasters - including an unsavory association with illegal drug buying and the bankruptcy of its biggest exchange - more investors are going to want to jump into the digital currency.
But that means figuring out how to buy bitcoins.
Ever since Bitcoin was launched and achieved success, hedge-fund managers and activist investors have been looking for an investment vehicle for the cryptocurrency. Now they have one with Bitcoin funds.
Money Morning's Defense and Tech Specialist Michael Robinson has been recommending these Bitcoin funds to investors because they are a ground-floor opportunity for Bitcoin profits.
In this video, Robinson details several of these profit opportunities, including the "King of Bitcoin funds," which currently manages a portfolio of 90,000 bitcoins and has achieved a 1,000% return in just three months. But that's not the only fund. Some of these Bitcoin funds even pay weekly dividends to investors.
As the rumors of a crackdown by the People's Bank of China have solidified over the past few days, Bitcoin prices have been hit hard.
Last week, we told you that China's central bank was rumored to be planning to force Chinese banks to close any accounts they have with Bitcoin exchanges by April 15.
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