Fortress prepping Bitcoin fund


SecondMarket already has The Bitcoin Investment Trust, and now Fortress Investment Group (FIG +1.2%) is readying its own much larger offering, reports Dan Primack, who says an announcement could come at tonight's Bitcoin New Year's Eve Bash.

Word is the Fortress vehicle will be similar to SecondMarket's structure, and that Fortress may also raise a separate fund to back Bitcoin-related startups.

Comments (3)
  • Tactical111
    , contributor
    Comments (376) | Send Message
     
    Got Michael Robinson's tutorial vids on Bit Coin from Money Map Press and have started buying Bit Coins at http://www.coinbase.com to hold for investment. Some wild predictions are that the issue limited Bit Coins could go to between $110k- million dollars per coin. If so a small investment of a few thousand dollars seems a good bet. Also consider that the Bit Coin has gone from .17 to over $1200 in three years or so.
    31 Dec 2013, 07:09 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11069) | Send Message
     
    What is the advantage of Bitcoin over gold and silver?
    31 Dec 2013, 08:48 PM Reply Like
  • sportscliche
    , contributor
    Comments (248) | Send Message
     
    This 20 minute video explains the concept very well:

     

    http://bit.ly/1l1P7s5
    1 Jan 2014, 02:02 PM Reply Like
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