Bitcoin Investors Are Excited About This Chart

Despite the recent price lull, Bitcoin “usage” is exploding around the globe. Earlier this week we learned that over 100,000 transactions involving Bitcoin occurred in a single 24 hour period. (However, some claimed the volume appeared suspicious, including rival behemoth Mastercard.)
 
Regardless, Bitcoin has come a long way since we first profiled it on the FTMWeekly program back in 2011. We have written extensively on the future of cryptocurrencies, like Bitcoin. Our most recent piece can be read here.

Our two favorite crypto-currencies for speculative investment purposes include Bitcoin and Ripple. While we remain extremely skeptical about the the origins (and ultimate aim) of Bitcoin, we maintain a small amount of investment exposure (less than 1% of all investable assets) to it (and Ripple) as a speculative play on the future of these two crypto-currencies. Some analysts believe that each Bitcoin could one day be worth upwards of $1 million. Here’s one such claim, along with the reasoning. Here’s a more balanced and reasonable approach. As mentioned, we remain skeptical, but maintain minimal exposure nonetheless.