Ways to Play Bitcoin Impact on Economy?

[jmarin]

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 .......

[jmarin]

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!

[qualia8]

MOFG bubble!! 

[Stephen Gornick]

Any ideas regarding companies that could benefit from all the Bitcoin activity?

$AMD ?
 - http://www.google.com/finance?q=NYSE:AMD
Here's and example of why:
 - http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&Description=6990
Though GPUs are just a tiny fraction of AMDs business.

Perhaps FPGA manufacturers are the next to benefit?

[jmarin]

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! 

[jmarin]

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.....

[Phinnaeus Gage]

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!

Compare http://bitcoincharts.com/charts/mtgoxUSD#rg30zvztgCzm1g10zm2g25 with http://www.google.com//finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1309234146603&chddm=7820&chls=IntervalBasedLine&q=NASDAQ:MOFG&ntsp=0

[jmarin]

Cool charts!  Let's see how it turns out. Maybe there are some stock mining tools at work(: