Seeking Alpha

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.
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Comments (3)
  • Tactical111
    , contributor
    Comments (201) | 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 (9719) | Send Message
     
    What is the advantage of Bitcoin over gold and silver?
    31 Dec 2013, 08:48 PM Reply Like
  • sportscliche
    , contributor
    Comments (244) | 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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