In the last quarter of 2017, the price of a Bitcoin has more than tripled. This has led to a sudden surge in the awareness of the word Bitcoin across the globe and especially in India. It is a textbook example of the diffusion of innovation theory in action. We have certainly breached the Innovators … Read more
Charlie Munger Buffett partner Charlie Munger says bitcoin is ‘total insanity,’ avoid it ‘like the plague’: Warren Buffett’s top lieutenant, Charlie Munger, is a bitcoin skeptic. Munger was asked for his views on cryptocurrencies during a University of Michigan’s Ross School of Business event. “I think it is perfectly asinine to even pause to think … Read more
Bitcoin could hit $60,000 in 2018 but another crash is coming, says startup exec: In the latest development, cryptocurrency entrepreneur Julian Hosp says bitcoin’s rapid rise isn’t over yet. But there’s a catch. “I think we’re going to see bitcoin hitting the $60,000 dollar mark, but I also think we’re going to see bitcoin hitting … Read more
Bitcoin is a bubble, but the technology behind it could transform the world – Will Hutton: Humanity’s earliest, truly transformative general purpose technologies were the ability to cross-fertilise plants and cross-breed animals. Suddenly, it made more sense to farm than to hunt and gather. The surge in agricultural output meant humans could do other things … Read more
Bitcoin now worth $15,000 after losing more than 30% of its value in one day and sinking as low as $12,000. Bitcoin bounced back above $15,000 on Boxing Day, recovering some of the ground lost in a pre-Christmas rout that pushed its price down below $12,000. Bitcoin, the world’s biggest and best-known cryptocurrency, lost more … Read more
Bitcoin drop continues during holiday trading: Bitcoin has struggled to recover from last week’s wild swings, with the price of the popular but volatile digital currency giving up some of its weekend recovery to trade at about $14,000 by midday on Sunday in New York. Read also: Buying and selling Bitcoin, explained The cryptocurrency tumbled more … Read more