A lot of “smart” investors are claiming cryptocurrency miners face diminishing returns. Do so at your peril. There will undoubtedly be layers of winners in crypto, but miners will be much bigger for much longer than most people think. But my research has convinced me that public companies in the cryptocurrency mining space will have a fabulous 2018.… Read More »
It may be a long time before Bitcoin and Ethereum are used in day-to-day transactions. Or will it? Very soon we might see credit cards and debit cards that are funded and backed by cryptocurrencies. According to WalletHub, in 2015 the number of credit cards from the four primary credit card networks (i.e. VISA, MasterCard, American Express, and… Read More »
Two major crashes in a lifetime can make anybody cautious. I was an investor during the tech boom of the late 1900s and survived (barely) the NASDAQ crash of 2001. I was also investing in the years 2007 and 2008 and everybody knows what happened then, although I try to forget. I don’t think I’m a super-cautious investor… Read More »
Today I added to my position in Goldman Sachs (GS-NYSE) buying an additional 20 shares to bring my average cost to $230.53. I have just under $9K CDN worth of shares. But wait, I hear you saying, Goldman Sachs doesn’t do Bitcoin. True, not yet. It has not been a good year for Goldman Sachs, for in July it… Read More »
A few weeks ago, there was a spread of more than 6% between the price of Bitcoin in North America and in China, as the Chinese exchanges were dumping Bitcoin during the government crackdown. In theory, if you bought Bitcoin on a Chinese exchange (or even on Bitfinex which is based in Taiwan), you could then transfer the… Read More »
HIVE Blockchain Technologies Ltd. will list on the TSX Venture Exchange Monday, September 18th, under the symbol TSX.V: HIVE. The company is backed by Genesis Mining, the largest cloud Bitcoin miner in the world with 700,000 customers. Genesis owns 30% of HIVE. HIVE’s launch transaction involves the acquisition of an initial state-of-the-art blockchain infrastructure facility in Iceland from Genesis. The facility produces mined cryptocurrency around… Read More »
