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Who’s Talking?

When I predicted bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions.No one is laughing now that Bitcoin is at $10,000…                    ~ McAfee

I’m not exaggerating when I say cryptocurrencies are the biggest innovation since the internet. We’re on the ground floor of an enormous trend that’s going to change the world.

Cryptocurrencies solve trillions of dollars’ worth of problems, which is why they will be worth trillions of dollars one day.

~ James Altucher

The Four Principles

1. Always have an unfair advantage. Otherwise, you’re the sucker. This is why I never even play a five-cent slot machine in Las Vegas the house has the unfair advantage, not me. So, in cryptocurrency, my unfair advantage is my network of insiders, my ability to talk with founders (having been one, being pitched by and invested in many) and separate fact from fiction, my experience, and often, to use my connections to find out about the best ones and invest in them early before the average investor knows they even exist.

2. Value invest. I’m a big fan of Benjamin Graham and Warren Buffett. They find assets of value, buy them below market price and then hold. With cryptocurrency, the ones that survive in the long-term will be worth such stupid levels of money, it will make today look cheap. We’ll have those in our portfolio.

3. Biggest Markets. An asset that wins 10% of a small market doesn’t interest me. All these investments are high risk, so I only focus on the ones with the highest reward potential. An asset that wins just 1% of a multi-trillion dollar market, well, sign me up.

4. Discipline. This is my best quality as an investor. Never sell or buy on emotion. That’s for amateurs and keeps Wall Street in business. I’m in this for the long term, and without discipline, you cannot survive investing especially in a new asset class like cryptocurrencies where every single day is a roller coaster ride.

~ Kamal Ravikant

Overstock.com executives talk about Cryptocurrency Buzz

“We think that at some point there will be … Bitcoin will hit a tipping point and like it took time for people to adopt PCs and the Internet, at some point there is a tipping point and this could become … Bitcoin could become as ubiquitous as PCs and the Internet are now,” said Jonathan Johnson, Overstock.com executive Vice Chairman Jonathan in January 2014.

Overstock.com’s CEO Patrick Byrne was an early believer in the importance of cryptocurrencies, too. It doesn’t just show in earnings calls and SEC filings. One of Overstock’s subsidiaries, tZero, has made it possible to trade tokens using blockchain technology in a regulatory-free environment.

“Three years ago I stood up in front of an audience for the opening keynote speech at Bitcoin 2014, in Amsterdam, and told the world that the main event of Bitcoin is not Bitcoin, it is the Blockchain, and it would change the world,” Byrne said at the Money 20/20 conference last month.

What others are saying

Bill Gates: “There will be two types of business in the 21st century, those who are on the internet and those that do not exist,” Microsoft co-founder and the world’s richest man for several years, referred to the digital currency in this way, “It’s interesting because it shows how cheap it can be. It’s better because you do not have to be physically in place, and of course, for large transactions the physical currency can be quite uncomfortable.”

Ashton Kutcher is one of the Hollywood celebrities who has stood out as a Bitcoin enthusiastic: “Why do I get the feeling that the best protection against a Sanders or Trump nomination might be to buy bitcoins?” Kutcher has demonstrated his deep enthusiasm for digital currency by joining the Bitpay company in one of the most productive rounds of investment.

The Apple computers co-founder Steve Wozniak is another well-known individual who discussed Bitcoin on CNBC. Wozniak said he purchased Bitcoin when the price was around $700 but initially noticed the technology when it was $70 per coin.

Richard Branson said in an interview with the economic news channel Bloomberg that he considers that Bitcoin is a currency that is working. “I think it’s working, and if more coins were like that it would be better. But in the meantime, there is a big industry close to this coin, and you know people have made a fortune with Bitcoin.”

The first celebrity to bring the revolution into to the music world was former Spice Girl and X Factor judge Mel B; she became the first musical artist to let fans buy her music with Bitcoins.

Using Instagram to promote cryptocurrency is increasingly common among influential users. The hashtag #bitcoin now appears in more than 562,102 Instagram posts including posts by Boxer Floyd Mayweather and Paris Hilton.

More famous celebrities that have discussed Bitcoin publicly include Roseanne Barr, Drew Carey, Akon, Gwyneth Paltrow, Joe Rogan, DJ Lethal, and Lily Allen. Due to the increasing popularity of Bitcoin, it’s likely that we’ll see even more key figures throughout the business and entertainment industry jumping on board.

In conclusion, cryptocurrency buzz is all around us.  Digital currency is not a fluke and is not going away.  It is a wave of the future and you can be part of it today.  Go here to start mining your own bitcoin for free.