cryptocurrency hedge fund

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    Josephnah
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    Over the past few weeks, everybody may be weighing in about Bitcoin, the digital currency that might be the money of the future, or a bubble bursting at the front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an all time high of $266, then plummeting to just over $100 using some hours, and now stabilizing around $120. When Bitcoin’s price started to increase unexpectedly, it took over as one thing everybody in Silicon Valley was talking associated with. (For those who don’t know what Bitcoin is, this video explains it perfectly in 3 minutes).

    The extreme volatility on Wednesday cooled a regarding people off, prompting some to call Bitcoin a bubble for you to burst, and caution everyone about taking it too seriously. However, the New york Times reported that high level investors such as the Winklevoss twins dedicated to Bitcoin.

    JK: Do not think consumers are hedging with euro with Bitcoin. The crisis brought a additional attention and exposure to Bitcoin. People found out about Bitcoin because for this euro crisis, but we aren’t flooded by people from Cyprus trying to purchase bitcoins, it is therefore not a direct correlation.

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    JK: Do not see it so much as a bubble, but rather an extended period of volatility. You’re likely to see points where exactly where jumps up and bumps down, Dislike see the actual exploding, it’s extremely volatile as it is often extremely new, and you will discover are jumping on it too in a timely fashion. Some others who got into it early are cashing out right next. I think the price is gonna be change plenty over another 6 months and ten years. Right now there are I consider 500 merchants accepting bitcoins through Bitpay, you could rent hotels with bitcoins, and increasing numbers of people are accepting it as a form of payment. WordPress is the 25th most visited site in the industry and they accept bitcoins.

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    http://www.hometownstations.com/story/37362943/news

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