Funnily enough, it seems his employer feels the same way. The following day after Mr Foster’s comments, VanEck applied for a bitcoin-based exchange-traded fund (ETF).
Shares of DigitalX Ltd [ASX:DCC], the only bitcoin-related company on the ASX, gained more than 18% in morning trade today. Find out why
It might not be that surprising. But Bitcoin has, for the first time, traded above US$4,000. It’s not surprising due to its volatile nature. In 2017, bitcoin has hit numerous new record highs, with this morning’s milestone just the latest.
Bitcoin exchange, Coinbase just became a ‘unicorn’. It’s not the first tech company to be worth $1 billion. But it is the first bitcoin company to achieve that status.
We don’t take this revolution lightly. We think it’s the most significant disruption to global finance there has ever been.
Bitcoin is currently trading for AU$4,390. That’s up from the AU$4,070 quoted by The Age in the above article, released only Tuesday morning.
In fact, we want you to benefit from the cryptocurrency revolution in the same way that thousands of everyday Aussie investors already are.
But on one particular exchange, it is sitting at US$5,290. That’s a 55% premium some bitcoin investors are willing to pay!
If you’ve been following Ethereum at all this year, you’ll know its price has gone bonkers. A rough estimate puts gains around the 3,275% this year alone.
In today’s Money Morning…cryptocurrency investing re-uniting old friends…this time it is different…a stage-three boom around the corner?…and more…