Founder of Eclectica Asset Management Says He Would Buy Bitcoin Founding partner and chief investment officer of Eclectica Asset Management, Hugh Hendry, told Investment Week that he would buy Bitcoin with his fund if it was traded on a regular exchange. Speaking very positively about Bitcoin, Hendry said, “This is the environment where Bitcoin could go to $1million.” From the Investment Week story: “Eclectica’s Hugh Hendry has said he would buy into online currency Bitcoin if it were feasible to do so within his funds. Hendry has bought 3D printing stocks as a play on trend-driven, QE-fuelled equity markets, and …continue reading

Wedbush Securities Takes an Extremely Positive View of Bitcoin Coindesk is quoting a report from analysts Gil Luria and Aron Turner of Wedbush Securities in which the acclaimed Wall Street analysts (Wedbush Securities was named top stock picking firm in 2012) believe that the value of Bitcoin could top $98,500 each, joining a growing number of analysts who are publicly stating that Bitcoin could reach six-figures. Back in May, Ex-Facebook executive Chamath Palihapitiya stated in a Bloomberg story, “If bitcoin grows into something bigger – a useful reserve currency, then watch out: Its value will far exceed $400,000.” Coindesk reports: …continue reading

Best Performing Asset on the Planet With surprisingly little fanfare, Bitcoin has racked up an amazing feat: a 6,000% increase in value since the beginning of the year. This places it as the best performing asset class on the planet, bar none. While anyone can simply look up the historical price to determine the percentage increase, the number was buried deep within a New York Times story that was somewhat slanted against Bitcoin. Buried eight paragraphs down was the sentence, “Since the beginning of the month, the value of bitcoin rose to more than $900 at one point, from $200, …continue reading