We reported this week that the peer-to-peer decentralized virtual currency bitcoin industry will explode to a market cap of $1 trillion, according to the Winklevoss twins, who happen to be bigtime investors in bitcoin. Speaking at a recent financial conference, the famous twins said that bitcoin will eventually transform into an asset class similar to […]
Archives for January 2015
Chart: U.S. gas prices climb for first time in four months
Is this the beginning of a beautiful friendship? Will United States motorists start to see higher gas prices moving forward? For the first time in four months, U.S. gas prices have stopped their descent and have actually climbed, according to new data from the Federal Reserve. On Tuesday, the national average price per gallon of […]
NFL Super Bowl XLIX: A time to spend money you don’t have
The NFL’s ultra extravaganza, the Super Bowl, is this Sunday. The New England Patriots will face off against the Seattle Seahawks in a match that will surely generate controversy because of the much talked about deflate-gate. It’s a day to stuff our faces with nachos and cheese, beer, barbecue and other fatty snacks. It’s also […]
Peter Schiff: Federal Reserve’s QE4 to push gold higher
Will gold spike in value because of the Federal Reserve’s potential fourth round of quantitative easing? Last year at around this time, the price of gold made some significant gains, but it couldn’t push higher during the rest of the year. This month, the yellow metal has also performed quite well as the price has […]
Will bitcoin industry explode to $1 trillion market cap?
Since the announcement this week that the peer-to-peer decentralized digital currency bitcoin was going to have its very first United States-based exchange platform, the value of the cryptocurrency slightly rebounded and is now trading at around the $250 mark. It is quite apparent that bitcoin has lost much of its momentum in terms of value […]