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Cool charts! Let's see how it turns out. Maybe there are some stock mining tools at work(:
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MOFG up again today and up over 10% since my June 9 post (was 12.6 at the time)! Starting to behave like a pre-crash Bitcoin: higher volume and higher highs....maybe the wall street hacks who read this forum have picked up a few shares.....
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Yes MOFG has bubbled up recently(: I guess tools used by the miners would also be an interesting public way to play the revolution, assuming they also have applications for the general public and growth!
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Interestingly Midwestone Financial, one of the banks used by Dwolla for its deposits is up 8% since June 9 on much higher daily volume (S&P 500 is down 2% since then). Seems like others have also figured this stock as a public way to play to the online currency and banking revolution!
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Any ideas regarding companies that could benefit from all the Bitcoin activity?
In reading through the Dwolla info it appears they hold customer funds at a small publicly traded bank (Midwestone, MOFG). Assuming traders are using the Dwolla/Mt. Gox route to buy Bitcoin I would think this bank would benefit from an ever increasing amount of cash (float) flowing through their coffers.....I'm sure there are other companies that might benefit with a few degrees of separation as well but this is the only one that I've found that is investable .......
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