How to value a bitcoin with Tom Lee of FundStrat. – Business Insider
In one episode of “the bit,” Tom Lee has explained different methodologies for valuing the bitcoin. Lee shares the short-term and long-term bitcoin price targets based on his valuation methods.
I spent a day trying to pay for things with bitcoin and a bar of gold. – Business Insider
Ray Dalio told Henry Blodget that investors must have 5% – 10% of their portfolio in gold. During the last interview, Dalio said that bitcoin is a “speculative bubble” and said “bitcoin is not an effective medium exchange by and large because it’s not easy to buy anything with the bitcoin.
Bitcoin price hits record above $5,800 – Business Insider
Bitcoin on Friday soared more than $6000, crossing $5,800 for the 1º time and putting in a record high of $5,866 a coin, according to Bloomberg. The cryptocurrency has since pared its gains, but it still trades up 4% at $5,626 a coin.
Bitcoin: A bubble of the future over everything? – Business Insider
Business Insider’s Henry Blodget and Sara Silverstein check in on the debate raging around the red-hot cryptocurrency market. Blodget doubles down on prior comments that bitcoin is an example of a big bubble, and lacks value. Silverstein is a bit enthusiastic about bitcoin’s prospects, and says that many of the arguments against it can be applied to other assets as the gold. She also stresses that a great deal of bitcoin pessimism stems from a lack of understanding.
Bitcoin price is rising but it could be usurped – Business Insider
The cryptocurrency market has exploded 2017 with over 1,000 digital currencies now on the market.
The price of bitcoin, the largest cryptocurrency, has captured the attention in Wall Street, CEOs from JPMorgan’s Jamie Dimon to Goldman Sachs’ Lloyd Blankfein weighing in on the coin this month alone.
The biggest bitcoin mining companies in 2017 – Business Insider
Flashy startups: Coinbase, Circle, Blockchain, and BitPay, the most famous companies in bitcoin.
But, more important are the miners, individuals and organisations who form the core backbone of bitcoin, ensuring the digital currency’s integrity.
Bitcoin passes $5,000 to hit fresh all-time high – Business Insider
Bitcoin has seen its value increase by more than $6050 a coin in the past months alone, with a rally that coincides with renewed interest from investment banks. The Wall Street Journal last week reported that Goldman Sachs was looking at setting up a bitcoin trading operation, and Morgan Stanley CEO James Gorman said recently that the cryptocurrency was “certainly more than just a fad.”
How to buy bitcoin: A step-by-step guide – Business Insider
Bitcoin hit a record high above $6,330 on Tuesday, October 31, after a dismal September in which the cryptocurrency fell to $2,900 a coin on September 15.
Two years ago, the idea of buying the virtual currency even at that price was laughable. After a rapid rise in value in 2013, the cryptocurrency’s value more than halved by mid-2015.