| So You Missed The Bitcoin IPO ... |
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Are you still on the dock wondering if the Bitcoin ship has sailed? In my opinion, and that of many experts (see below), the investment opportunities in the crypto space are still ground floor. Here's a few reasons why I think the Bitcoin has plenty of room to run: 1. The market-cap of the leading provider of information over IP is nearly half a trillion dollars; the global market cap of the Bitcoin, a technology that (finally) delivers value over IP is 1/40th the size; 2. The estimated number of 'unbanked' individuals on the planet today is 2.5 Billion; the total number of Bitcoin wallets containing 1 or more Bitcoins is approximately 210,000. 3. The estimated ounces of gold remaining below-ground today is 1.834 Billion; the number of Bitcoins remaining to be mined is less than 10 Million; 4. Bitcoins enter the market under a mathematical protocol that people can trust, and that is fully disclosed. Debt-based currency is a fraud that people are trusting less and less, every day; 5. Bitcoins cannot be shorted naked, or sliced and diced into a derivative, or manipulated by WASPY white men behind a curtain, unlike virtually every other financial instrument today. Sure the Bitcoin is controversial, so was the internet two decades ago, yet today mankind cannot imagine life without it... and the investors with a vision for it back in 1990 have done pretty well. Yes the Bitcoin appears 'toppy' at $900, but remember Bitcoin is NOT a stock, nor is it a fund, an ETF, or a fiat currency, and it my opinion it shouldn't be 'charted' like one; the bid is in fact reflecting a real demand that is very likely to grow, and perhaps exponentially, as everything fiat implodes. So maybe you did miss buying Bitcoin at $50 or $500 ... you likely missed the Google IPO as well, but if you did your homework and bought Google two or three years later you still did exceptionally well. Earlier this week a former World Bank economist called for an End To The Dollar As Reserve Currency and further stated that "the dominance of the greenback is the root cause of global financial and economic crises." So moving forward, is it more likely or less likely that a Bitcoin will buy you more than $900 a year from now, or many multiples more dollars a decade from now? Here's a final factoid for you: the number of public companies in Canada today offering to position investors into Bitcoin and crypto-currency technology? ... Just One. And this company, Greenbank Capital Inc., is our newest partner and member of The Sovereign Bitcoin Exchange. You can use your bullion to take-up a position. Cheers!
Netcscape Founder: Why Bitcoin Matters
A mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and development by nearly anonymous researchers. Political idealists project visions of liberation and revolution onto it; establishment elites heap contempt and scorn on it. On the other hand, technologists - nerds - are transfixed by it. They see within it enormous potential and spend their nights and weekends tinkering with it.
Eventually mainstream products, companies and industries emerge to commercialize it; its effects become profound; and later, many people wonder why its powerful promise wasn't more obvious from the start. What technology am I talking about? Personal computers in 1975, the Internet in 1993, and I believe Bitcoin in 2014..
Bitcoin Intrinsic Value - Wedbush Report
Based on the order of magnitude of the overall opportunity and some very rough calculations we also believe scenarios exist by which a Bitcoin could be worth 10-100x its current price (Figure 1). As an uncorrelated alternative asset class, we believe Bitcoin may succeed in replacing some demand for gold, which represents total financial holdings of $1.9 trillion. As a currency of refuge, we believe the demand represents a way for consumers in high inflationary countries to preserve the value of their income, an opportunity that could represent an additional $4.3 trillion of demand.
Venture Capitalist: Bitcoin transformative as the Web
Bitcoin could be as "big as the Internet" in reshaping the world and spurring economic growth, said a venture capitalist and well-known booster of the virtual currency. "Virtual currency, particularly bitcoin, reminds me so much of that time in the early '90s," said Fred Wilson, a partner at Union Square Ventures. "We are at beginning of an exciting time, not just for investors but for all of society."
Timing is Everything!
The two subsidiaries of GreenBank, Bitcoin Canada Investments, which will invest exclusively in Bitcoin, and Bitcoin Angel Capital, which will invest in early stage Bitcoin and other cryptocurrency focused companies, is currently making a private placement to accredited investors of up to $5,000,000 Convertible Secured Debentures. GreenBank believes the Convertible Secured Debentures represent a convenient way for investors to gain exposure to a diversified portfolio of Bitcoin and early stage Bitcoin companies.
Put Your Pedal to The Metal!
Greenbank Capital Inc. is a member of the Sovereign Bitcoin Exchange and will happily accept your Sovereigns for units in their very unique fund. And if you're short on Sovereigns, but long on bullion, The Sovereign Bitcoin Exchange delivers a healthy premium to your Sovereign account in exchange for your silver or gold coins or bars. I can then help you complete the Greenbank paperwork and transmit payment without any commissions, courier charges, or cranky bureaucrats. Please contact me with any questions, or to get started. Cheers!
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Sovereign Bitcoin Exchange Inc.
Steven Merrill, President
www.sovereignize.net
phone:
778.835.7667
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Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.
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