Bullish isn’t even the word. Jack Dorsey, CEO of Twitter and FinTech firm Square continues to push the movement for bitcoin. Square reached $30 billion in market cap in 2018, a huge leap from the prior year in which its market capitalization was $9 billion, less than that of Cboe and Nasdaq’s at $10 billion and $11.8 billion.
In less than five years, billionaire venture capital investor, Tim Draper made $89.1 million from Bitcoin. Despite the bear market, his 2014 investment of $18.96 million in Bitcoin is now worth $108 million. The bearish forces of the markets in 2018 have not waned his spirit. He appears as confident as ever, even suggesting that Bitcoin could be a better store of value than gold. Read More
At the end of 2017, bitcoin fell 70% from its peak. This fall, while steep was nothing new. Between 2013 and 2015, bitcoin lost 85% of its value. By January 25, the market cap of the apex cryptocurrency was $3,491,684,707 with its price at a (now) shockingly low $253.72. Read More
Bitcoin’s market cap slumped from $229 billion on January 1, 2018, to $66.7 billion on December 29, 2018. Who, what, where, and why? Many questions arise on a weekly basis on the drastic change. Yet, few consider that there could be alternative ways of investing that reduce the stress of short-term losses. Read More
It is interesting that legendary investor and stock market expert Marc Faber has bought his first bitcoin. Marc, known for predicting the 1987 stock market crash believes Bitcoin at $3,000 looked better than rates of $20,000. A few generations down the street, the Winklevoss Twins believe Bitcoin will continue eating up bits of gold’s market capitalization. What does it mean for great investment minds to “dabble” with crypto in such ways? It could certainly mean a lot.