Tim Draper Envisions $10,000 Bitcoin
Sep26

Tim Draper Envisions $10,000 Bitcoin

Tim Draper Expects A $10,000 Bitcoin Price Within Three Years Venture Capitalist Tim Draper has gone on record twice in the past month speculating that Bitcoin will reach $10,000 a coin in three years time.  The most recent interview was on the Fox Business Channel: Watch the latest video at video.foxbusiness.com   The interviewer from Fox Business channel asked Tim Draper what the 3 most important investments looking ahead would...

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Reason #1 Amazon Will Love Bitcoin
Sep24

Reason #1 Amazon Will Love Bitcoin

Amazon Will Love Bitcoin Technology giant Amazon could benefit enormously by adopting Bitcoin.  Amazon operates on low profit margins, and adding Bitcoin would improve margins.  This is the number one reason Amazon will love Bitcoin. Marc Andreessen, wrote a blog in January 2014 Why Bitcoin Matters.  He mentions major retailers such as Amazon by saying: “Let’s say you sell electronics online. Profit margins in those businesses are...

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$200 Million Bitcoins Sought After By Hedge Fund GABI
Sep23

$200 Million Bitcoins Sought After By Hedge Fund GABI

Bitcoin Hedge Fund To Buy $200 Million Bitcoins Bitcoin Hedge Fund Global Advisors Bitcoin Investment (GABI) has begun buying Bitcoins and will invest up to $200 million in their first 6 months on operation.  An article on Morning Money first mentioned the $200 million number. CoinDesk has reported in this article, that GABI is buying the Bitcoins over the counter through DigitalBTC, an Australian company, that is Australia’s...

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5 Reasons The Bitcoin Price Is Getting Annihilated
Sep19

5 Reasons The Bitcoin Price Is Getting Annihilated

Bitcoin Price Gets Annihilated In the past week the Bitcoin price has gone from a high of $492 on Bitstamp to as low as $378. Volume has been high as well, leaving many Bitcoin holders wondering why the price is trending lower so violently. In previous downtrends there was usually a news event associated with the heavy selling, such as the Silk Road collapse, or Mt. Gox being hacked. Currently, there does not seem to be an obvious...

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5 Reasons the Winklevoss Bitcoin ETF will send Bitcoin to 10,000+
Sep13

5 Reasons the Winklevoss Bitcoin ETF will send Bitcoin to 10,000+

The Winklevoss Bitcoin ETF  is set to go online at the end of 2014. You might remember the Winklevoss twin brothers from the movie The Social Network  where they sued Mark Zuckerburg and Facebook to win 50 million dollars. Since then the twins have moved on to start a Bitcoin ETF named the Winklevoss Bitcoin Trust. Once it begins trading, expect the price of Bitcoin to soar to over $10,000. 5 Reasons The Winklevoss Bitcoin ETF Sends...

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Bitcoin Merchant Adoption
Sep04

Bitcoin Merchant Adoption

Bitcoin Merchant Adoption Which websites have recently implemented Bitcoin payment solutions, how is it going for them, and which stores may do so in the future? Is it worth it to accept Bitcoin payments? The Background It’s nothing short of revolution. Introduced just over five years ago, Bitcoin system has become a consensual peer-to-peer payment system. This completely digital money is now used around the world. Over the last few...

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