28 Sep '17, 11pm

Bitcoin Is the Market's Favorite Buzzword

Want your company’s stock to climb? Consider mentioning "bitcoin" in the press release. In the late 90s all it took was a dot-com in the name, back in the 60s "tronics" was good enough to double a share price. In 2017, the moniker sure to stoke investors’ appetite is any variation of “digital currency.” Take Overstock.com Inc., which added about $137 million in market cap Wednesday after announcing the launch of a Securities and Exchange Commission-compliant digital tokens exchange . Thursday’s example: Goldmoney Inc. rose 15 percent after saying it will offer its clients the ability to trade bitcoin and ether and store the assets in auditable and insured vaults. Betting that cryptocurrencies will ultimately revolutionize the world just as electronics and the internet did, investors are now casting a wide net to try to find the next Amazon.com -- with perhaps not enough sc...

Full article: https://www.bloomberg.com/news/articles/2017-09-28/bitcoi...

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