30 Sep '17, 9am

New Wall Street Buzzword: Bitcoin

New Wall Street Buzzword: Bitcoin

Investments follow trends, just like everything else. In the 1970s, anything with ‘tronics’ in its name was a hot item. In the late 1990s, ‘dotcom’ immediately garnered attention. Now, according to Bloomberg , companies embracing ‘digital technologies’ or Bitcoin are the newest Wall Street fad. Overstock and Goldmoney The evaluation is based on news this week regarding a couple of different companies who have embraced digital currencies and have seen substantial upticks in share price and therefore market cap. This indicates a new fad, per Bloomberg. Overstock , captained by crypto believer Patrick Byrne , added $137 man in market cap after announcing a digital currency trading platform. Goldmoney , who offered its clients the ability to trade and store some cryptocurrencies in insured wallets, rose 15 percent on the news. Coming revolution The price surges represent a bel...

Full article: https://cointelegraph.com/news/new-wall-street-buzzword-b...

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@Cointelegraph

@Cointelegraph

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