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Jeff Bezos On Bitcoin

Hashtag Trending - Cyber Monday Setting New Records, Jeff Bezos Hits $100 Billion, Bitcoin Surging In More Ways Than One | It World Canada News

Hashtag Trending - Cyber Monday Setting New Records, Jeff Bezos Hits $100 Billion, Bitcoin Surging In More Ways Than One | It World Canada News

Cyber Monday 2017 could set new records, Jeff Bezos breaks the $100 billion barrier, and Bitcoin surges both in price and energy consumption. First up from Twitter is the frenzy of Cyber Monday. Projections from Adobe Digital Insights say that this years Cyber Monday could rake in as much as $6.6 billion USD in sales which is a 16.5 per cent increase over last years numbers that also set new records. In fact, this would be the sixth year in a row the day has surpassed previous sales. These projections also blow online Black Friday sales out of the water, which Adobe says amounted to around $5 billion this year. Adobe tracks online spending at Americas 100 largest retail websites, and says online orders tend to peak between eight and 11 pm on Monday because everyone waits until the last minute. Are you one of them? Trending now on Facebook is news that Jeff Bezos has become the latest tech mogul to join the 12-digit club. The Amazon founder has seen his fortune rise to $100.3 billion USD, jumping almost $33 billion in the last year alone. This makes Bezos the first person to reach $100 billion in the 21st century since Microsoft co-founder Bill Gates hit the milestone in 1999. Unlike Gates, however, who Bezos surpassed as the worlds richest person in October, little is known about what the tech giant plans to do with his money. Hes done little in the way of philanthropy, and sells approximately a billion every year to fund his space business Blue Origin. And lastly, from Google Trends, Bitcoin is again surging to new heights but this time, its both good and bad. The cryptocurrency has reached a new high, worth $9,770 USD as of Monday morning. With it spiking by more than 1000 per cent in the last 12 months, well probably see Bitcoin hit the $10,000 dollar mark as soon a Continue reading >>

Top Technology Stories Of 2017: Softbank, Facebook, Bezos And Bitcoin

Top Technology Stories Of 2017: Softbank, Facebook, Bezos And Bitcoin

From the White House to Wall Street, American technology companies extended their reach in 2017. SoftBank, Uber, Facebook and Amazon were among the most dynamic companies during the year. (L to R) Jeff Bezos, chief executive officer of Amazon; Larry Page, chief executive officer of Alphabet; Sheryl Sandberg, chief operating officer of Facebook; then-Vice President-elect Mike Pence and then-President-elect Donald Trump meet at Trump Tower, December 14, 2016. From the White House to Wall Street, American technology companies extended their reach in 2017. Amazon went from our mailboxes to our grocery stores and living rooms. Apple is nearly a trillion-dollar company with a cash pile bigger than General Electric and a services division the size of a Fortune 100 company. Google's search has become so dominant that it got the largest antitrust fine ever issued by the European Commission. Facebook's billions of users are now accessing essential services like voter registration and suicide prevention through the platform. Entrepreneurs like Peter Thiel and Elon Musk are household names. But the technology sector's runaway growth has also earned it significant pushback. Films like "The Circle" and "Ingrid Goes West" and TV shows like "Mr. Robot" and "Black Mirror," have depicted a burgeoning distrust of the industry. Real-life fumbles like a $400 juicer , and criticism from President Donald Trump, didn't help Silicon Valley's image. Here are some of the top stories that shaped the sector's year. Alessandro Di Ciommo | NurPhoto | Getty Images SoftBank Group Corp. founder, Chairman and CEO Masayoshi Son. 10. SoftBank upends Silicon Valley venture capital and reinvigorates the start-up world with $100 billion Japanese billionaire Masayoshi Son ended 2016 with a proclamation that t Continue reading >>

Would Amazon Accepting Bitcoin Lead To The Breakthrough Of Cryptocurrency?

Would Amazon Accepting Bitcoin Lead To The Breakthrough Of Cryptocurrency?

Would Amazon Accepting Bitcoin Lead To The Breakthrough Of Cryptocurrency? Long-term horizon, dividend investing, foreign companies, growth at reasonable price Rumors about Amazon starting to accept Bitcoin payments are abundant. Bitcoin isn't really used as a payment system at the moment, relative to usual currency. There are still multiple challenges to be overcome before it can reach widespread use. Companies and regulators are just discovering how they should deal with Bitcoin and cryptocurrencies in general. A bright future, but an uncertain present. Unverified rumors that Amazon ( AMZN ) will start accepting Bitcoin ( COIN ) ( OTCQX:GBTC ) have been shaking cryptocurrency communities lately. Though these rumors might prove to be untrue in the end, facts are that there seems to exist lots of demand for this new way of payment. There even was an online petition to convince Jeff Bezos to adopt Bitcoin as an accepted way of payment at Amazon. According to some who think the rumors are true, Amazon could make the announcement to accept Bitcoin as early as during their next investor call scheduled for October 26. According to Bitcoin bulls, this would be one step closer to major acceptance for the leading cryptocurrency. There already exist workarounds which make sure you can indirectly pay with Bitcoin at Amazon, but if Amazon would accept direct Bitcoin payments it would be huge news. Could it be the final breakthrough of Bitcoin? Will it finally be embraced by the masses? Let us first take a peek at the price development of Bitcoin of the last couple of years, you can see it has been a crazy ride. Though the upswings are most obvious in the graph, there were many times when Bitcoin went through a downswing, sometimes losing more than 80% of its value (such as betwee Continue reading >>

Theory: Maybe Jeff Bezos Invented Bitcoin. : Bitcoin

Theory: Maybe Jeff Bezos Invented Bitcoin. : Bitcoin

Theres a theory that Elon Musk invented bitcoin. However, after watching several talks and early YouTube videos about Amazon, I (just as a thought experiment, really) kind of think Jeff Bezos may have. My rationale below. 1) Jeff Bezos is really damn smart. Prior to making amazon, Jeff Bezos was a Wall Street Guy. He seems to understand money in general. 2) Jeff Bezos grew up making stuff. I watched a video of him and his brother doing an interview (where I got most of this theory from) at web summit, where they talked about how he built a house with his grandfather. Thats not proof, but at an early age, he seemed mechanically inclined. 3) Jeff Bezos understands the Internet, and commerce. Amazon. AWS. kindle. Audible. Etc. I could go on but Ill stop. 4) Jeff Bezos is fascinated with space. In that same web summit video he talks about his rationale for making a space company. A) loved space as a kid. B) sees the need for humans to be interplanetary. C) money and waiting for centralized banks on earth wont really work in space. 5) Jeff Bezos has a history of hating government intervention. Hes been embroiled with the government over sales tax, he bought the Washington Post specifically to help bolster real journalism in the face of propaganda (just my own theory.) 6) Jeff Bezos is really into long term thinking. He mentioned in that video, a concept called long term thinking, which is essentially doing thought experiments where you say, what will things look like in 100 years. And what do I need to do t get there. He also evangelizes and runs Amazon in a similar fashion., where bets or inventions dont come to fruition for about 10 years in average. This kind of thinking plays nicely with rethinking global / interstellar money. 7) Jeff Bezos is a huge nerd. Dude loves St Continue reading >>

10 Things Bitcoin Is Now Bigger Than

10 Things Bitcoin Is Now Bigger Than

You might have heard about this bitcoin thing; its been in the news a lot. Something to do with it passing $8,000no $9,000no, wait, where are we now? Its hard to keep pace. No one knows where bitcoin will be a day, week, or year from now, but at this moment in time, bitcoin is bigger than the following things. See also: The Worlds Worst Named Cryptocurrencies In 1966, John Lennon courted controversy by stating that the Beatles were more popular than Jesus. 51 years later and bitcoin is hitting biblical levels of its own. Boasting of what bitcoin is bigger than may seem childish; the equivalent of first graders arguing over whose dad is bigger. Nevertheless, it provides a useful snapshot of where bitcoin is at right now, and of how far its come. Its also a helpful way of quantifying an intangible asset. It was four years ago today that bitcoin surged past $1,000 for the first time. That milestone seems quaint now: bitcoin has gained $100 billion in the last month alone. The virtual currency is officially now bigger than several venerable institutions and major countries. Bitcoinitys ticker on November 27 2013, when $1,000 really did feel like the moon. Bitcoin surged past PayPal weeks ago, and is on course to double the market cap of the payment processing company soon. The worlds most famous fast food company has a market cap of $135 billion. Bitcoin, at $163 billion, looks supersized in comparison. The enterprise computing giant has a market cap of $140 billion. Bitcoin is worth almost $25 billion more. The current value of all Walt Disney stock is $155 billion. Who needs Disneyland when youve got the bitcoin rollercoaster to ride? You might have heard of GE; they were once the largest company in the world and still retain almost 300,000 employees. Bitcoin, on the oth Continue reading >>

Bitcoin Price Nearing $10k In Watershed Moment For Cryptocurrencies

Bitcoin Price Nearing $10k In Watershed Moment For Cryptocurrencies

Bitcoin, the most valuable among the rising market of cryptocurrencies, is flirting with a price of $10,000 this morning, an important milestone for what was once a fringe investment. Bitcoin prices opened at $9,326 Monday morning, according to Coindesk , and the value continues to rise. Bitcoin has surged rapidly in just the last few days, passing a value of $8,000 for the first time a week ago and crossing the $9,000 threshold Sunday. According to coinmarketcap.com , Bitcoins market cap now sits at more than $162 billion, which is greater than the value of companies like Disney and GE. Bloomberg notes that the market cap of all cryptocurrencies combined is more than $300 billion. In addition to being the most valuable, Bitcoin is the most famous of the cryptocurrencies. These forms of digital currency are touted as more safe and secure than cash or credit cards and quickly coming into the mainstream. Major companies such as Microsoft, Overstock.com and Subway accept Bitcoins as payment, and that list is growing all the time. Bitcoin goes back to 2009 and was the first example of blockchain technology, which serves as a public ledger for cryptocurrencies with the potential to become much more. After several stagnant years, Bitcoin prices have skyrocketed in 2017. It took more than three years for the currencys value to rise from a $1,000 to $1,500, hitting that milestone in May. But then Bitcoin really took off, and it took only six months for prices to rise from $1,500 to nearly $10,000. Bitcoin milestone update: $9,500 for the first time ever. (side note: it entered the year below $1,000). $BTC.X pic.twitter.com/KxdqKRtbyI Charlie Bilello (@charliebilello) November 27, 2017 And heres what could happen if Bitcoin continues to rise in price the way it has recently. Pr Continue reading >>

I Don't Hate Cryptocurrency, But...

I Don't Hate Cryptocurrency, But...

Jan 31, 2018 at 05:00 UTC|UpdatedFeb 1, 2018 at 05:04 UTC Jason Calacanis is an angel investor in 150 startups including Uber, robinhood, Abra, thumbtack, Wealthfront and Talla. He's also the author of ANGEL . "If you are right, that 90 percent of crypto projects are scams or incompetent, what do you gain by taking that position publicly?" asked a close friend. Why was I sounding the alarm on Twitter, my podcast and CNBC that civilians should be very careful investing in cryptocurrencies that are unregulated, anonymous, easily manipulated, phenomenally hackable, global and often run by bad actors or the incompetent? "To protect people from losing their money?" I answered. I've got a complicated relationship with crypto, having monitored early projects like bitcoin with enthusiasm. Six years ago, I wrote a piece called " The Most Dangerous Project We've Ever Seen ,"that introduced many in the investment community to bitcoin. Full disclosure: While I don't trade cryptocurrencies, I have a lot of exposure to it by investments in startups like Robinhood, Abra, and Talla.com (to name a few notable projects). Here are five important points I would like to state for the record: It would take me 10 articles to catalogue all the risks and scams in this emerging space, but to give you the broad strokes here are the critical issues that most savvy people -- including those with large positions in crypto -- all agree on. Billions of dollars in crypto have already been stolen, and most of the initial coin offerings ICOs I see are horrible ideas run by people who have no track record or ability to execute. Bitconnect is an instructive example. Most importantly, you should watch this hilarious video: And read about these pump-and-dump chat rooms, where thousands of people (it seems) Continue reading >>

Why Bitcoin Might Be A Bubble (but The Tech Will Last)

Why Bitcoin Might Be A Bubble (but The Tech Will Last)

Why bitcoin might be a bubble (but the tech will last) Bitcoin is on fire: From a recent low of $3,226 on September 14, prices pushed over the $17,000 level on Thursday, an incredible gain of more than 400% in less than three months. Data circulating the Twittersphere says the rise from $7,000 to $8,000 took 14 days. The rise from $11,000 to $12,000 took six days. The rise from $12,000 to $13,000 took 17 hours. The rise over $14,000 took just four hours. Over the last 24 hours, things have gone vertical. But when my wife's hairdresser touts her bitcoin winnings, getting in on the action over Thanksgiving despite not fully understanding what it is, I can't help but think the end (of the beginning) is near, clearing the way for a more mature integration of blockchain technology into the banking system. The consensus seems to be "Yes, but the technology will last" with parallels to the 2000 tech meltup. Sure, Pets.com isn't around anymore. But Amazon CEO Jeff Bezos is now the world's richest man. Excitement seems to stem from word institutional investors are on the verge of joining in, with the Chicago Mercantile Exchange and the Chicago Board Options Exchange both reportedly planning to start trading in bitcoin futures later this month. Yet, I fear a nasty end for many late arrivers. As prices rise and present a growing risk to financial system stabilitypotentially catching unsophisticated investors in the whirlwindofficials are growing nervous. South Korea's Prime Minister fears " serious pathological phenomena ," while the United Kingdom plans a crackdown by forcing users to disclose their identities. Russia and China have already leaned against the trend. And in the US, the IRS won a case against Coinbasea popular crypto exchangeto disclose user information amid a wid Continue reading >>

Bitcoin: Seven Questions You Were Too Embarrassed To Ask

Bitcoin: Seven Questions You Were Too Embarrassed To Ask

Sign up or login to join the discussions! Bitcoin: Seven questions you were too embarrassed to ask We're resurfacing this explainer to shed some light on the recent bitcoin drop. 6) I just made a killing! How do I cash out? If your cash is still deposited at a bitcoin exchange, you just execute another trade to convert your bitcoins back to dollars at the newhopefully higherprice. Then you withdraw the funds to your bank account. The bitcoin market is very liquid, so unless you have millions of dollars in bitcoins, cashing out won't be difficult. Major bitcoin exchanges do have daily dollar withdrawal limits to minimize fraud, however. So, if you sell thousands of dollars' worth of bitcoins, it might take a few days or weeks to transfer the cash into your conventional bank account. We've seen some people argue that bitcoin's $150 billion market capitalization isn't real because people can't cash out all of that value simultaneously. But that's misguided. The same basic point applies to any asset: if Jeff Bezos tried to sell all of his Amazon shares at once, the stock would crash. But people still say he has a net worth of nearly $100 billion. There's enough liquidity in bitcoin markets that all but the very wealthiest bitcoin holders can quickly and easily convert their holdings to conventional currency. And even the wealthiest holders could cash out their holdings gradually over time if they wanted to. 7) Is it true that Bitcoin wastes a ton of energy? Enlarge / Emissions rise from smokestacks at Pacificorps 1,000MW coal-fired power plant on October 9, 2017 outside Huntington, Utah. Yes. The bitcoin network maintains its shared transaction ledger, called the blockchain, using a computationally intensive process called mining. Miners compete with each other for the rig Continue reading >>

Del Bitcoin A Jeff Bezos: Los Diez Protagonistas Del Sector Tecnolgico En 2017

Del Bitcoin A Jeff Bezos: Los Diez Protagonistas Del Sector Tecnolgico En 2017

Del bitcoin a Jeff Bezos: los diez protagonistas del sector tecnolgico en 2017 El ao en que Jos Mara lvarez-Pallete puso patas arriba Telefnica, Travis Kalanick solt las riendas de una mermada Uber despus de que los accionistas del grupo pidieran su cabeza. El sector de la tecnologa vivi un 2017 intenso, ya que la transformacin digital estuvo presente en todos los recovecos, especialmente en empresas que no forman parte del mercado digital. Esta fue la razn por la que directivos de la talla de Francisco Gonzlez, presidente de BBVA, se gan un puesto en este top 10. El bitcoin, por su parte, abander el crecimiento de un mercado de divisas virtuales que no dej de expandirse a una escala descomunal, como lo hizo la fortuna de Jeff Bezos, ahora s, la persona ms rica del mundo tras levantar una Amazon que no parece tener techo. Bitcoin fue el abanderado del mercado de las criptomonedas en 2017. Tanto su red de ordenadores descentralizada (Bitcoin, con mayscula), como su moneda virtual (bitcoin, con minscula), avanzaron a velocidad de crucero a lo largo de todo el ao. El valor de la divisa dispar su valor veinte veces en menos de doce meses, hasta superar los 20.000 dlares . La fiebre del bitcoin provoc que muchos expertos considerasen que se trata de una burbuja. No evit el escepticismo que esta criptomoneda consiguiese ser la primera en debutar en el mercado de futuros. Lo hizo este diciembre en el Mercado de Opciones de Chicago (Cboe) tras la aprobacin de las autoridades de Estados Unidos al lanzamiento de contratos de futuro sobre la criptomoneda en algunos de sus mercados ms destacados. Del mismo modo, Tokyo Financial Exchange tambin inici los preparativos en el ltimo mes del ao para lanzar este tipo de contratos sobre divisas virtuales. Jos Mara lvarez-Pallete fue ratif Continue reading >>

Bitcoin Made Whole; Bezos Bank Account Gets Swole; Apple Gets Coal

Bitcoin Made Whole; Bezos Bank Account Gets Swole; Apple Gets Coal

Bitcoin made whole; Bezos bank account gets swole; Apple gets coal Published 2:37pm, Tuesday, December 26, 2017 Bitcoin rallied past $16,000 on Tuesday as traders of the worlds biggest digital currency sought to draw a line under its roller-coaster five-day slump. The gains will be a welcome relief for crypto bulls, after bitcoin declined 26 percent in the five days through Monday in what was seen as a major test for the nascent digital currency industry. The advance suggests that, even as financial authorities issue warnings about the risks of a bubble in cryptocurrency, investor interest remains intact, at least for now. People With This Occupation Are Happiest Even Without Job Security Buzz 60 March Madness Could Cost Employers Billions Associated Press Wall Street Bonuses Jump to Highest Since 2006 Veuer European Cities Rebel Against Tourism Brandpoint See IBMs New Computer That Is Smaller Than A Grain Of Salt Buzz 60 DOJ Charges 9 Iranians in Massive Hacking Scheme Associated Press Is This the End of Candy Hearts? America's 'Oldest' Candy Company Could Close Buzz 60 Lyft Testing Netflix-Like Subscription Packages for Riders Wibbitz Woman Uses $400 Hair Dryer To Cook Chicken Buzz 60 Jeff Bezos proved to be his own best Santa, as Amazons own gadgets were best-sellers on his online store over the holidays. The Echo Dot and Fire TV Stick with Alexa Remote were the No. 1 and 2 products ordered from Amazon, the company said. Oh, and the most requested song from Alexa users this season? Jingle Bells. For Bezos, thats the sound of his servers ringing virtual cash registers. Tim Cook, meanwhile, didnt have a great Christmas, if analysts covering Apple are to be believed. They lowered iPhone X sales projections for the first quarter of next year, citing signs of lackluster Continue reading >>

Bitcoin: Warren Buffett Says Cryptos Will Come To Bad End

Bitcoin: Warren Buffett Says Cryptos Will Come To Bad End

/display/newscorpaustralia.com/Web/NewsNetwork/Finance - syndicated/ Berkshire Hathaway founder Warren Buffett. Picture: Thomas Lohnes/AFPSource:News Limited BILLIONAIRE investor Warren Buffett has taken aim at cryptocurrencies, warning the recent mania that has seen bitcoin and its cousins skyrocket in value will not end well. In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending, the chairman and CEO of Berkshire Hathaway said in an interview with CNBC on Wednesday. When it happens or how or anything else, I dont know. Mr Buffett, the worlds third richest man behind Amazon founder Jeff Bezos and Microsoft founder Bill Gates, with an estimated net worth of $US87.2 billion ($111 billion), has previously made comments critical of bitcoin. Its a mirage, basically, he said in 2014. I mean its a method of transmitting money, the idea that it has some huge instrinic value is just a joke, in my view. And at a conference in October last year, Mr Buffett described bitcoin as a real bubble. People get excited from big price movements, and Wall Street accommodates, he was reported as telling attendees. You cant value bitcoin because its not a value-producing asset. Asked this week whether he would bet against bitcoin by taking short positions in recently launched bitcoin futures markets, Mr Buffett said if he could bet on cryptocurrencies declining over the next five years he would, but didnt see the point in futures. If I could buy a five-year put on every one of the cryptocurrencies, Id be glad to do it but I would never short a dimes worth, he said. We dont own any, were not short any, well never have a position in them. There is no reason. I get into enough trouble with things I think I know something about, why in the w Continue reading >>

Jeff Bezos Archives - Bitcoin News

Jeff Bezos Archives - Bitcoin News

Bitcoin Cant Stop Breaking Things pic.twitter.com/IVKLeUG8Go Bitcoin News (@BTCTN) December 13, 2017 Bitcoin Cant Stop Breaking Things. When bitcoin futures trading went live on Sunday night, there were sniggers from the cryptocurrency community after Cboes website was instantly knocked offline. Welcome to bitcoin, went the refrain read more. If youre new to Bitcoin, welcome. Were a community of people from every part of the world, from as many walks of life as you can imagine, exploring the future of money. Lets skip the philosophy and technical jargon, and just get you started using it read more. Available for Android and iOS: Try out the new Bitcoin .com Mobile Wallet Download the Bitcoin.com Wallet right to your device for easy and secure access to your bitcoins. Perfect for beginners, the Bitcoin.com Wallet makes using and holding bitcoins easy. No logins required. If youre an experiencedreporter, your English is perfect and your knowledge-level on Bitcoin is to the moon read more here . Get the latest price charts, statistics and our news feed on your site. Check out our widget services . Continue reading >>

Bitcoin Bubble? Why The End May Be Near For Bitcoin, But Just Maybe - Cbs News

Bitcoin Bubble? Why The End May Be Near For Bitcoin, But Just Maybe - Cbs News

By Anthony Mirhaydari MoneyWatch December 8, 2017, 7:19 PM Why the end may be near for bitcoin, but just maybe The rise has been breathless: From a recent low of $3,226 on Sept.14, bitcoin pushed past $17,000 on Thursday, an incredible gain of more than 400 percent in less than three months. Is this a massive bubble? The consensus seems to be "yes -- but the technology will last" with parallels to the dot-com bubble. Sure, Pets.com isn't around anymore. But Amazon ( AMZN ) survived and prospered, and CEO Jeff Bezos is now the world's richest man. The latest cryptocurrency excitement seems to stem from word that institutional investors are on the verge of joining in on the bitcoin craze. The Chicago Mercantile Exchange and the Chicago Board Options Exchange both plan to start trading in bitcoin futures later this month. Yet, I can't help but fear a nasty end. Regulators seem spooked, with South Korea's prime minister fearing "serious pathological phenomena," while the UK plans a crackdown by forcing users to disclose their identities. Russia and China have already leaned against the trend. And in the US, the IRS won a case against Coinbase -- a popular cryptocurrency exchange -- to disclose user information amid a wide gap between the number of bitcoin traders and the number reporting gains for tax purposes. As prices rise and unsophisticated investors get caught in the whirlwind and present a growing risk to financial system stability, officials are growing nervous. The financial system is concerned as well. A number of large Wall Street banks fear that futures trading will be too volatile, potentially undermining exchange stability. And some retailers are balking. For instance, online game platform Steam no longer accepts bitcoin as payment. The specter of fraud also Continue reading >>

Jeff Bezos Now Worth As Much As Bitcoins Entire Market Cap

Jeff Bezos Now Worth As Much As Bitcoins Entire Market Cap

The biggest technological breakthrough since the internet is worth about as much as just one man, Jeff Bezos, founder and CEO of Amazon. His net worth is estimated to be $132 billion, mainly from Amazon shares, while Amazons net income is only around $2 billion a year. Bitcoin briefly fell below a market cap of $132 billion yesterday, slightly recovering today but still to a comparable level with Jeff Bezos at around $138 billion. Mark Zuckerberg, in turn, is worth quite a bit more than ethereum, the smart contracts platform that might usher in a fourth industrial revolution of peer to peer machine payments. While Musk is worth more than Bitcoin Cash, the global decentralized currency that allows for pretty much instant and free payments while having a very limited amount of only 21 million coins. If we add Gates above, then these four men are worth as much as the entire global market cap off all digital currencies and tokens. That includes ICOs and other businesses that have raised billions. The companies they founded are of course worth far more. Amazon is worth nearly 3 times more than the combined market cap of all cryptos. Facebook, which merely allows grannies to share pictures with each other, is worth nearly twice the global market cap of all cryptos. Most of this wealth comes from shares of the publicly traded companies they founded or bought. Bezos, for example, owns the Washington Post, a paper that was keen to call cryptos a bubble but never wondered whether four men being worth as much as some countries is a bubble. All four, wed think, have a highly vested interest in share prices rising. When that stock money goes to cryptos instead, they might not be too happy. Thus Gates goes out to make all sorts of comments . Still, all four perhaps have earned their Continue reading >>

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