Why Bitcoin’s Growth Should Explode – Yahoo Finance
The NYPB&T investment will enable GBI to continue its growth including the build-out of its cutting-edge, Internet-based software offerings for use by sovereign mints, wealth managers, investment firms, high net worth investors, as well as for digital currencies. New York Private Bank & Trust is the parent company of Emigrant Bank, HPM Partners and three Internet-based banks, and offers private banking services through its NYPB&T division. NYPB&T and its affiliate companies will join the GBI platform in order to offer its wealth management and banking clients access to physical precious metals through GBI’s platform. “The GBI family is excited by its partnership with NYPB&T,” said Steven Feldman, GBI’s co-founder and CEO. “The visionary thinking that Howard Milstein and New York Private Bank & Trust are known for will be a very valuable asset to GBI as it further expands its existing platforms and enables its sophisticated precious metals business to be utilized by far more market participants.” “We believe our relationship with GBI will enable our clients to have a robust opportunity to invest in gold and other precious metals that have been a store of value for thousands of years,” said Howard Milstein, New York Private Bank & Trust Chairman, President and CEO.
Dear John: Retire later for more security | New York Post
'Quietly long' right strategy: Gartman
Discussing the current feel of the market, with Dennis Gartman, The Gartman Letter; FMHR trader Stephanie Link; Jon Taffer, "Bar Rescue" host; and "Fast Money" trader Tim Seymour.
Still, given what investors went through in the last pullback, celebrations have been tempered even as the major market indexes have been breaking records. “Every year, people have been trying to call the top, not embracing it as they did during the tech bubble,” Wald says. “To me, that’s one point that’s actually a positive for it. There’s not that one-sided euphoria.” There’s another reason fewer people are celebrating, too: Fewer people are benefiting.
Wall Street: Whose bull market is it?
Useful services are currently being tested: remittances, tipping and notary services. As soon as one of those services (or something like them) becomes a best-in-class solution, bitcoin growth should explode to dominate that market. That explosive growth will ensure a critical mass of people. One of the great things about bitcoin is that unlike WhatsApp, Facebook and other rapidly growing companies, retail investors have the same opportunity as big venture capital firms to invest and benefit from the expected explosion in usage and, therefore, price. Disclosure: At the time of this writing, David Smith has a long bitcoin position and owns So Whats Bitcoin? See more from Benzinga 2014 Benzinga.com.
And it will maybe, probably, we hope if the government doesnt continue to run enormous deficits forever. Whats more likely to happen is that the debt to Social Security will simply be eliminated through the stroke of a computer entry the Treasury will print additional money and pay Social Security back with the new bills. And it will hope the world doesnt realize that it just stoked massive inflation. The other thing I find hilarious in a warped sort of way is the idea that people should be allowed to invest their own Social Security funds.