Bitcoin in 2014: Bad Investment for Speculators, Good Investment for VCs
Compared to other investments Bitcoin has been a bad performer of 2014, losing 52 percent against the US dollar, The Verge reports. But that's good news, because the less Bitcoin is seen as a speculative currency, the easier it will be for Bitcoin to gain momentum as a technology. "{i]f you're more interested in the disruptive innovation that the blockchain technology behind Bitcoin might enable, the price of each coin is actually immaterial. What matters most is that the currency stabilizes, avoiding massive changes in value that might scare off the merchants and consumers who have yet to....
Related News
So, it happened. After some time moving in a narrow range in the low $300s, Bitcoin price has plunged below $300. This new Bitcoin price crash at the beginning of 2015 is is a continuation of the downward trend of last year - in 2014, Bitcoin has been the worst performing currency in the world, as far as the price charts are concerned. Though, if you just open your mind to a 14-month window instead of a 12-month window, Bitcoin Price has performed much better. Try to keep this in mind. The year-end status of Bitcoin Price is very bad news for speculators, especially for those who purchased....
Ukraine's political problems and de-facto war with Russia hit the value of the national currency badly in 2014. But the hryvnia, so Ukraine's national currency is called, wasn't the worst currency of 2014, but only the second worst. The worst currency of 2014 was Bitcoin. But the march of Bitcoin continues - the less Bitcoin is seen as a speculative currency, the easier is to realize the real unique advantages of Bitcoin and to spot potential killer apps, and the easier it will be for Bitcoin to gain momentum as a technology. That's why we should forget Bitcoin price and bet on Bitcoin....
In the first quarter of 2015, Bitcoin venture capital investment has already exceeded that of 2014. BitFury, the Amsterdam mining operation, has announced that its third round funding has exceeded 20 million dollars from investors. The company had previously acquired 20 million last summer in an investment round. BitFury plans to open up another location....
The Bitcoin Investment Trust (BIT) now holds more than 100,000 BTC, according to Barry Silbert, CEO of SecondMarket and founder of the trust. Silbert has big plans for the Bitcoin Investment Trust, which is expected to open for public investors sometime in the fourth quarter of 2014. For the time being, the trust is a private investment vehicle but once it opens to the general public, the fund is expected to attract a new breed of bitcoin investors. Silbert believes the 100,000 mark is a big milestone for BIT, and it's hard to argue otherwise. After all, this grand total amounts to almost....
CoinTelegraph continues its Bitcoin Review 2014 with the second of three installments, this one covering VC investment and the international regulatory environment. The aim of the review is to provide a comprehensive overview of activity within the Bitcoin industry over the past year. Text and image-based information from a wide range of sources is supplemented by comments from a range of experts, as well as exclusive commentary from our resident expert, Tone Vays. If you missed part I of the review, it can be found here. “I believe that investors should be looking to invest in blockchain....