I haven’t seen action in Bitcoin like we saw last night since earlier this year in the spring when the price went from $10 in January to $260 in April, and then crashed down to $50 before stabilizing in the $80-$120 range for months before beginning the latest parabolic move. I was so taken by … Read more
The past several days have seen considerable weakness in the price of bitcoin. The selling was sparked by the revelation that the Chinese government had essentially instructed its financial system to avoid it. Then yesterday it was revealed that China had banned third-party payment companies from doing business with bitcoin exchanges. As far as price is concerned, … Read more
Last week, I once again sat down with my friend Dan Ameduri of Future Money Trends to discuss, well, future money trends. It should come as no surprise that Bitcoin was the focal point of discussion given the recent price rise, increased adoption, capital investment as well as media attention. I have to give Dan … Read more
A friend of mine sent this to me yesterday and it simply blew my mind. This is just the latest of many websites to have emerged as of late to help both the initiated and the uninitiated stay up to speed on the always dynamic world of Bitcoin. While Venture Scanner itself is not a … Read more
Meet Mike Caldwell. He is the maker of what seems to be the most popular physical bitcoins on the market, the Casascius coin. All Mr. Caldwell does is have people who want the coins produced send him a certain quantity of bitcoin and then for a $50 fee he puts the private key on a physical … Read more
As I tweeted at the time, I think Bitcoin began phase two of its growth and adoption cycle upon the conclusion of the Senate hearings last month (I suggest reading: My Thoughts on the Bitcoin Hearing). I think phase two will be primarily characterized by two things. More mainstream adoption and ease of use, as well … Read more
*Note: Since I published this article, Fidelity has come out and said clients cannot invest in bitcoins in their IRA. I suppose somebody received a phone call. Well this is simply huge. As much as many people want Bitcoin to simply go away (see my recent interview on the topic with Miles Franklin), it is … Read more
Last week, I sat down for a chat with my fellow Coloradan and friend Andy Hoffman, Media Director for precious metals dealer Miles Franklin. Many precious metals focused people have taken a very aggressive, and in my opinion ignorant and short-sighted negative perspective on Bitcoin as of late. I personally feel that this is rooted … Read more
I’ve been waiting for this headline. It was just a matter of time before the exchange of BTC for a Tesla happened. The purchase took place at Lamborghini Newport Beach in California, and this isn’t just a one time gimmick. The dealership has announced that: Lamborghini Newport Beach in California is proud to announce that we … Read more
I have to admit I was starting to get a little worried in recent days as certain folks who’s opinions I hold in very low regard started to rethink their prior clearly poorly researched opinions on Bitcoin. Personally, I would prefer small thinkers and professional media trolls to continue to mock and bash Bitcoin at … Read more