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January 5th, 2018- In This Issue:

BITCOIN UP 10% @ $16,032.43

We hope everyone enjoyed the holiday break as much as we did. We are looking forward to another exciting year where we expect to see prices climb as high as $50,000 by years end. 

So if you think its too late, or you missed the boat, think again, there's probably another 300% return awaiting those who are entering the market around these levels. 

Bitcoin has stood firm in the face of several attempts by the bears to short the currency from the newly founded futures trading market and appears ready to continue its march north.

We expect to see a rally in the very near term (hours if not days) to crest the $18,000 mark, if successful we think that $20,000 will be next target, perhaps by the middle of next week.

So if you have additional funds to invest, now might be the best time to add to your holdings.

As always, buy the dips, hold on to your bitcoins for as long as you can and spread the word. Tell your friends, your relatives and anyone else who will stand around long enough to listen, about Bitcoins, believe me you will be doing them a huge favor.


Visit  BitvestIRA  for information on using your IRA to invest in bitcoin at 20% below spot price. Or call us directly with any questions at 1-844-BIT-VEST (1-844-248-8378)

Off the Leash? Bitcoin Looks North After 
Breaking $16K

Bitcoin is gaining altitude today, amid a sharp drop in prices of some alternative currencies.

Prices on CoinDesk's  Bitcoin Price Index jumped 7 percent to an intraday high of $16,181 in the last two hours. The cryptocurrency has appreciated by 10 percent in the last 24 hours, according to data source  CoinMarketCap.

Meanwhile, Ripple's  XRP token has depreciated by 9 percent in the last 24 hours, having soared to new heights on Jan. 3.

Other alternative currencies like NEM (XEM), Cardano (ADA) and Stellar (STR) are down at least 12 percent each. More importantly, the  XRP/BTC (ripple-bitcoin) pair has taken a beating in the last couple of hours.  XEM/BTCADA/BTCETH/BTC (ethereum-bitcoin) and  LTC/BTC (litecoin-bitcoin) are also losing altitude.

So, bitcoin (BTC) seems to have caught a bid wave at $14,848.10 (07:29 UTC), tracking the weakness in the cross cryptocurrency pairs (ETH/BTC, LTC/BTC, XRP/BTC) - that is, money made from the  altcoin rally is  likely being channeled back into BTC.

Price chart analysis also suggests BTC could extend the rally to $18,000-$18,600 in the short-run.

Peter Thiel's Founders Fund Goes Big on Bitcoin

Peter Thiel and his venture capital firm, Founders Fund, are big believers in Bitcoin.

The PayPal co-founder and other Founders Fund partners bought $15 million to $20 million worth of the  cryptocurrency that's now worth hundreds of millions of dollars, according to a Wall Street Journal  report on Tuesday that cites unnamed sources.

The report didn't say exactly when Thiel or his VC firm first bought Bitcoin, whose value has  fluctuated from  record highs to dramatic  declines in recent months. The volatility has alarmed some economists, who worry of a  bubble.

Thiel and the Founders Fund, however, don't appear to share those concerns, and are instead pitching Bitcoin to their investors as "a high-risk, high-reward wager similar to its other venture bets," the report said.

Shares of Bitcoin jumped over 13% on Tuesday from $13,412 to $15,216 after the report, according to  Coindesk.

In October, Thiel  reportedly said during an investment conference in Saudi Arabia that people are "underestimating" Bitcoin and he compared the cryptocurrency to gold.

"If bitcoin ends up being the cyber equivalent of gold it has a great potential left," he said at the time. About other cryptocurrencies, however, Thiel said he was "skeptical of most of them."

Bitcoin Adoption by Businesses in 2017

2017 was a big year for Bitcoin.  CBOE launched the first Bitcoin futures market, the  NYSE filed for two Bitcoin ETF's, and Bitcoin price rose over 1,300 percent. In 2017, Bitcoin became too big to ignore, as Bitcoin became more valuable, there were sizable increases in the amount of brick and mortars that accepted Bitcoin all over the world. Let's take a look at the data.

Q1/17: Slight growth - 5.5%

According to  Coinmap.org, on Jan. 3, 2017,  8,207 brick and mortar businesses accepted Bitcoin as a payment method for their goods and services.  On March 28, 2017, three days before the end of the first quarter, 8,665 businesses accepted Bitcoin. For the first three months of 2017, there was a 5.58 percent increase in Bitcoin accepting businesses.  

BTC Price Data: Calm growth - 7%

On the first day of the year, Jan. 1, 2017, Bitcoin was worth $979.5, roughly 13 times less than what Bitcoin is worth today - $13,390. On March 31, the last day of the first quarter, Bitcoin's price was $1,045.03. The Bitcoin price rose 6.9 percent within the quarter.  

Q2/17: Steady growth - 5%

On April 4, 2017--8,682 businesses accepted Bitcoin. On June 27, 2017, three days before the end of Q2, 9,143 businesses accepted Bitcoin - all in all, an increase of 461 brick and mortars that accepted Bitcoin, which represents a 5.3 percent increase in the amount of businesses that started accepting BTC in the spring of 2017.

BTC Price Data: Boost - 135%

On April 1, 2017, Bitcoin's price was $1,069.78; on the last day of the quarter--$2,519.27. Bitcoin's price increased by $1,449.49; equivalent to a 135 percent increase in price.

Q3/17: Cryptomania begins - 8.5% growth

On July 4th, 2017, 9,176 businesses accepted Bitcoin; while on Sep. 26, 2017--the number grew to 9,972 entities; an increase of 796 brick and mortar businesses that accepted Bitcoin as a payment method, which is equivalent to an 8.67 percent increase.
BTC Price Data: Another boost - 74%
On July 1, the first day of Q3, the Bitcoin price was $2,458.14, by the end of September it reached $4,286.64. From July 1 to Sep. 30, 2017, Bitcoin price increased by $1,828.5 which is equivalent to a 74.38 percent increase in price.

Boost and buzz, made by Bitcoin

In Q3 we began to see the Bitcoin price and the amount of Bitcoin accepting businesses increase at a larger rate than in previous quarters. A rise in price means that there is a rise in demand, and a rise in demand should be no surprise for the Bitcoin market considering the events that took place in Q3/17. The media began to cover the  astronomical returns that investors were receiving from ventures in digital currencies; Bitcoin began to receive worldwide  media coverage, and for the first time, Bitcoin was presented in a positive light opposed to its precedented association with money laundering and illegal drug purchases. Additionally, when Bitcoin hit new all-time highs, the news spread like wildfire, this may have influenced a number of people who felt as if they were missing out on massive returns to invest in the Bitcoin themselves so they would not miss out on the generous return on investment.

Q4: Always more BTC for business - 12%

On Oct. 3, 2017, three days into Q4/17, 10,040 brick and mortar Businesses accepted Bitcoin. On Dec. 19, 2017, 11,291 businesses accepted Bitcoin. A 12.4 percent increase in the amount of businesses from the beginning of the quarter.

Bitcoin Billionaires Hiding in Plain Sight

Bitcoin's anonymous yet transparent nature makes for some interesting reading when trawling through the easily accessible information on the top wallets out there. While  these top 10 wallets, do not have names attached to them, some are easy to figure out.

The Winklevoss twins made history in early December by becoming the first widely accepted  Bitcoin Billionaires. It was estimated at the time of print that the twins held 91,666 which equated to $1.063 bln.

However, these high profile twins are one of the few that are solidly in the spotlight that it is easy to speculate on their wealth. It is believed that there could be far more Bitcoin Billionaires out there, lurking in the shadow.

Distributed funds on a distributed ledger

If it was the norm to hold all our funds in one wallet, it would be easy to put together a rich list and  speculate who belongs where. However, not only does Bitcoin's anonymity but its practices of good coin storage, also make things difficult.

The normal procedure, especially for those whose funds are closer to billions than hundreds like most mere mortals, is to split the wealth over a number of wallets and other storage methods.

It is a  lesson that everyone should heed when it comes to keeping one's fortune on the  wild west that is Bitcoin exchanges.

As many as 200 Billionaires

A representative for  BitInfoCharts, who wished to remain anonymous because of security concerns,  told MSN in an email that, given Bitcoin's current overall market capitalization and that most people hold Bitcoin at multiple addresses, there may actually be as many as 200 Bitcoin billionaires, and possibly no fewer than 35.

The rep noted that it's likely most of these addresses are owned by exchanges or hedge funds.

A billionaire could keep on being created without much work needing to be done by some of the more than 100 addresses that already have over $100 mln in Bitcoin currently. The growth of Bitcoin has turned many people into millionaires and is doing the same with those people taking the step up to billionaires.

Bitcoin: Why Its Popularity And Price Will Rise

Despite negative reports surrounding Bitcoin, online brokers are lining up to offer trading of Bitcoin futures.

Investment and hiring in blockchain technology will bolster Bitcoin's price and acceptance in the coming months.

In this article, we'll look into the positives that are developing in the market that could put Bitcoin on the path of widespread acceptance.

In this multiple-article series, we have been diving into the rollercoaster ride for Bitcoin and cryptocurrencies. Each week conflicting reports surface from around the globe stating that Bitcoin is either the future or the demise of the financial system. As a result, it can be difficult for investors to determine whether Bitcoin is a buy or a sell.

In the first article titled, "Bitcoin Banned By Bank Of America - Why It Will Rise Despite Naysayers," we looked at the reporting surrounding Bitcoin, why banks and governments are shunning cryptocurrencies, and why the news is not nearly bad as it has been reported.

In this second article, we'll delve into the positive developments that lie beneath the surface and how they should provide a nice lift to demand for Bitcoin and digital assets. In fact, the future looks bright for Bitcoin and cryptos, in my opinion. In my next article, we'll analyze the charts and the likelihood of Bitcoin making another run to $19,000.


The technology powering bitcoin could help improve Facebook in the future, Mark Zuckerberg has said.

As part of a commitment to help fix the site over 2018, its founder said that he would look into the use of new technology to stop it being quite so centralised.

One of those technologies is bitcoin, he said, in an ambitious post that suggested Mr Zuckerberg is taking to heart the claims that Facebook is broken.

In a long post on his own site, the Facebook founder said that he recognised that the problem with the  internet  is that it is becoming too centralised, and controlled by a few huge companies that include Facebook itself. That was in contrast to people's vision that the web could be the perfect way of distributing and decentralising power, he said.

"A lot of us got into technology because we believe it can be a decentralizing force that puts more power in people's hands. (The first four words of Facebook's mission have always been "give people the power".) Back in the 1990s and 2000s, most people believed technology would be a decentralizing force," he wrote in a long post.

"But today, many people have lost faith in that promise. With the rise of a small number of big tech companies - and governments using technology to watch their citizens - many people now believe technology only centralizes power rather than decentralizes it."

In order to counteract that, he would look at bitcoin and other technology, he said.

"There are important counter-trends to this - like encryption and cryptocurrency - that take power from centralized systems and put it back into people's hands. But they come with the risk of being harder to control. I'm interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services," he wrote.

Bitcoin Hits Multi-Week Highs Despite Continuing Altcoin Surge

Bitcoin climbed 11 percent into Friday to post its highest price since mid-December: one coin was worth $16,920, cross-exchange data shows.

Exchanges tracked by  Coinmarketcap recorded an average trade price maximum of just under $17,000 earlier Friday before a slight correction saw Bitcoin head back towards $16,000.

The performance is encouraging for holders who have watched profits ebb as altcoin markets  continue to surge. The trend marks a pause after several weeks of bearish action for BTC, which did not immediately correct following its dip from  $20,000 to around $13,000 last month.

On social media, casual traders were eyeing Bitcoin's reversal to continue, noting its impact on altcoin markets.

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