What’s Next For Bitcoin
In February 1637, a single tulip bulb sold for more than 10 times the annual income of a skilled craftsman. Very shortly after the peak, the price collapsed dramatically. The build up became known as tulip mania. An article in the “Quarterly Journal of Austrian Economics” used the term to refer to large economic bubbles […]
Cryptocurrencies and the Scope of Bitcoin
I get a lot of questions about Bitcoin, and I do not claim to have the answers. However, in this post, I will try to clarify some facts, and offer a few opinions. Currently, there are more than 1,000 cryptocurrencies. The total market capitalization (value) of all cryptocurrencies now exceeds $150 billion. The value has grown dramatically, […]
Bitcoin and Blockchain
If you purchased bitcoin one year ago today (08-17-2017) at $570, you would have seen a 700% rise. As of this writing on Thursday, August 17, 2017, one bitcoin is worth $4,500. See the Bitcoin Price Ticker Widget below for the price as of the time you are reading this. If you are reading the […]
IBM And Maersk Apply Blockchain To Container Shipping
The 35 year old twins, Cameron and Tyler Winklevoss, have developed a $100m.bitcoin exchange traded fund (ETF) for bitcoin. If the pending decision from the U.S. Securities and Exchange Commission (SEC) provides approval, the result will be a new means for investors to gain exposure to bitcoin without actually buying the digital currency. The pending decision plus numerous […]
Predictions
Happy New Year to all. I believe 2017 will be a year full of great progress on many fronts. Here are some of the things I predict will happen: Artificial intelligence will become omnipresent, somewhat like java did 20 years ago. It will be part of all cloud services and devices. Virtual and augmented reality […]
