Impossible to Invest in Bitcoin – Analyst Says

Bitcoin investors are excited about the potential disruptive force that cryptocurrencies and blockchain technology be in the global payments industry. Unfortunately, that disruptive potential doesn’t necessarily make bitcoin a safe bet for long-term investors. According to Bernstein analyst Inigo Fraser-Jenkins, it is nearly impossible to determine an accurate valuation for bitcoin, which makes the cryptocurrency an extremely risky investment. Fraser-Jenkins also says arguments that bitcoin and cryptocurrencies should be considered a new asset class are flawed. Investors get no cash flow from bitcoin, which makes it impossible to value using…

Read More

stripe is ending support for bitcoin

stripe is ending support for bitcoin in 2014 Stripe became the first major payments company to support Bitcoin payments. Our hope was that Bitcoin could become a universal, decentralized substrate for online transactions and help our customers enable buyers in places that had less credit card penetration or use cases where credit card fees were prohibitive. Over the past year or two, as block size limits have been reached, Bitcoin has evolved to become better-suited to being an asset than being a means of exchange. Given the overall success that…

Read More