What a week for Bitcoin, I talk about the new Bitcoin all-time-highs of $3500, the adoption of segregated witness which catalysed the move and allows Bitcoin to scale, and also my approach and thoughts on the Bcash (BCH) (BCC) market.
Commentary taken from World Crypto Network talk on the 6/08/2017 original video here:
“Founded in 2008 and headquartered in St. Petersburg, Ulmart has over 450 infrastructure facilities including fulfillment centers and pick-up points. The Russian version of Amazon.com is present in more than 240 cities and towns across Russia.”
[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 articleand 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!”
“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”
“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.
“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”