Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category
Gold Stocks’ Spring Rally ‘24 Adam Hamilton Gold-Stock Upside Targets 2 Adam Hamilton Gold, Miners Overboughtness Adam Hamilton Gold’s Remarkable Breakout Adam Hamilton Gold Miners’ Q1’24 Preview Adam Hamilton

overtheedge
Member since May 2012
680 commentaries - 6 followers

6 followers

has posted a comment on the article :

SecondMarket's Bitcoin Offering Defines New Asset Class - Jon Matonis - The Monetary Future

Woo-hoo. First Bitcoins were a currency substitute. Now we have an ETF and talk of investment potential.

I see Silk Road busted, Bitcoins seized by FBI and those marvelous Bitcoins lost 25% because of the seizure.
Yah, this looks like a good way to squander scarce assets.

What kind of a currency substitute loses value because of a small government seizure anyway? Keep in mind that Bitcoins weren't the offense, but rather the ill-gotten gains. The FBI seizes cash all the time in drug busts and the dollar doesn't drop in valuation because of it.

Is this the same Jon Matonis that is Executive Director of Bitcoin Foundation? Just who's dog is in this fight for legitimacy?

Commented 3847 days ago

Send

Beginning of the headline :It’s not every day that a new asset class is born. The last time was probably a few decades ago when managed futures funds became an accepted asset class among portfolio managers. Now, alternative trading system company SecondMarket has launched The Bitcoin Investment Trust (BIT), an open-ended, private trust that is exclusively invested in bitcoin and derives its value solely from the price of bitcoin. The private investment vehicle is based in the US and open to institutional and accredite... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis