Category Archives: Bitcoin adoption

2/03/2017 A day of Bitcoin Milestones

Updated: And Bitcoin breaks the Mt.Gox exchange $1242 All time Bitcoin high

 

Preventing Another Bitcoin Bubble

By Vinny Lingham

[Editors Note:  Although Bitcoin has experienced multiple short term bubbles and busts.  In the long term, Bitcoin has never been in what I would consider a major bubble.  At $19bn Market cap and $365tn in all other major global asset classes, Bitcoin’s long term growth prospects are potentially unprecedented.

That said, on a short term basis there is some pertinent information in this article and the risks of introducing a Bitcoin ETF at this early stage]

  • “Losing 15–20% in a day is the norm for us living in the crypto world — but not for people who have their retirement savings on the line. The fact that it’s hard to buy Bitcoin right now is a good thing, for now, because it self selects sophisticated investments, by and large”
  • “Overall, I’m not against the idea of the ETF — I think it will be a good thing but I don’t believe that 2017 is the year for it. Once Bitcoin gets into the $3–5k range (hopefully in the next year or so) and the volatility continues to drop, then I believe we can expose it to retail investors — but for now, I’m hoping we can avert another Bitcoin Bubble!”

Read more here…

BITCOIN SURPASSES 1,000 ATMS WORLDWIDE

Via  bitcoinist.com

  • “Bitcoin ‘automated teller machines,’ sometimes called BTMs, play a vital role in Bitcoin’s global infrastructure. They provide a brick-and-mortar local to acquire Bitcoin extending the cryptocurrency’s reach”
  • “This milestone marks yet another success for the adoption of Bitcoin, which is beginning to gain traction in places where it previously had none”

Read more here..

 

Keiser Report (E1023) Crypto in the age of Trump

By Max Keiser & Stacy Herbert  maxkeiser.com

  • “You could get a billion people using Bitcoin with a product like Abra.” – Brock Pierce
  • Max Keiser asks have we hit the exponential J curve of Bitcoin’s S-Curve adoption?  – Brock Pierce ‘I think its 2017’

We present our own dodgy dossier handed to them on social media and it shows central banks were forced into enabling the destruction of the global economy and financial system. In the second half, Max interviews venture capitalist, Brock Pierce of Blockchain Capital about crypto in the age of Trump.

Read more at http://www.maxkeiser.com

Bitcoin; Why it now belongs in every portfolio

By Tuur Demeester Via nasdaq.com

  • “A technology is called “disruptive” if it creates a new market that first disturbs and then displaces an earlier technology.Bitcoin is potentially such a technology and much more. The fact that it can disrupt the largest and most interconnected marketplace in the world—money, banking and finance—makes it perhaps the most promising investment opportunity of our age”
  • “With a risk-reward proposition this attractive, holding a small percentage of bitcoins in one’s portfolio as a speculation on increased adoption may be one of the wisest investment decisions of our age”

    Read more here…

Bitcoin Hits All-Time High as Currency Controls Drive Fear

By Olga Kharif Via bloomberg.com

  • “The digital currency, which just turned eight years old, reached $1,140.64, which was higher than the $1,137 it hit in November of 2013. In December, bitcoin also surpassed its previous all-time high in total market capitalization, which now exceeds $16.1 billion”
  • “The latest increase was driven by capital or currency restrictions in countries ranging from China to India and Venezuela, where people purchased bitcoin to protect their savings, as well as increased adoption by investors. The digital currency beat every other currency, stock index and commodity contract as an investment last year”

Read more here… 

(Almost All time highs at the Bitfinex exchange (USD)

Bitcoin Surges 20% In A Week As Chinese Volumes Hit Record High

Via zerohedge.com

  • “The last 5 days have seen Bitcoin prices (in dollars) soar over 18% and over 20% in Yuan as volumes on Chinese exchanges continues to build, seemingly anticipating notable Yuan devaluation (confirmed by various derivative bets being placed on the Chinese currency) and/or further capital controls looming as yet another hot money Chinese bubble explodes in commodity-land
  •  “Last week saw the heaviest Bitcoin trading ever on Chinese            exchanges…

Read more here… 

And 2016’s best-performing Asset is….Bitcoin?

By Joseph Adinolfi via Marketwatch.com

[Editors Note: As I predicted at the end of 2015 in my video ‘Why Bitcoin price could hit all time highs in 2016”  With the price at $326 there were so many reasons why Bitcoin was severely undervalued against its NAV. In 2016 they  all came to fruition with Bitcoin currently trading at 2016 highs of $940]

  • “Bitcoin’s market capitalization sailed past $14.5 billion as the price of a single coin traded as high as $913 a coin on Friday, according to Coin Market Cap, as its market capitalization to sail past the $14 billion mark, eclipsing the market value of, say, Twitter Inc”
  • “The shift in bitcoin’s valuation is only part of the story. Trading volume has also increased dramatically in 2016, peaking at more than $330 million a day over the summer. Finally, the bitcoin market is liquid enough to allow professional traders to enter and exit positions without losing their shirt, as Hayter put it”

Read more here..