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Author Topic: Richard Branson Invests $30 Millions in BitPay! Bitcoin About to Take off!  (Read 3273 times)
JessyMatt
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May 20, 2014, 01:54:28 AM
 #1

Bitcoin is really about to take off. Billionaire Richard Branson just invested $30 million dollars in BitPay. WOW.

Read the full story: RICHARD BRANSON INVESTS $30 MILLIONS IN BITPAY

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May 20, 2014, 02:28:15 AM
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Bitcoin is really about to take off. Billionaire Richard Branson just invested $30 million dollars in BitPay. WOW.

Read the full story: RICHARD BRANSON INVESTS $30 MILLIONS IN BITPAY

Branson and 'other' investors put up $30M. And for sure there is now an increasing trend of Venture Capital money flow into Bitcoin, it will only get bigger and more mainstream from here
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May 20, 2014, 03:11:45 AM
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Hopefully they use it to target and start bringing brick and mortar businesses into bit coin as well. That is when we hit critical mass and blow up.

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May 20, 2014, 03:46:04 AM
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Hopefully they use it to target and start bringing brick and mortar businesses into bit coin as well. That is when we hit critical mass and blow up.

Exactly! The first question everyone always ask about bitcoin, "well what can I buy with it" and instead of having to go through a very long discussion that basically amounts to "anything you want, as long as you by it over the web", it'll be much clearly to the mainstream users if they already know that quite a few brick and mortar stores accept bitcoin. Then, owning bitcoin will make perfect sense to them.

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May 20, 2014, 04:01:19 AM
Last edit: May 20, 2014, 01:12:46 PM by Light
 #5

Interesting, nice to see some big names join us. It's going to be interesting to see whether this garners anymore media attention and whether it will in turn attract more consumers and business willing to use Bitcoin as a fully fledged payment processor.
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May 20, 2014, 04:20:51 AM
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Yeah right!
Branson is so rich he can afford to punt on new techology plus branding for him
In a decentralised system, endorsements by individuals is less critical

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May 20, 2014, 05:28:05 AM
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Bitcoin is really about to take off. Billionaire Richard Branson just invested $30 million dollars in BitPay. WOW.

Read the full story: RICHARD BRANSON INVESTS $30 MILLIONS IN BITPAY


 Wonderful!


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May 20, 2014, 07:10:09 AM
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Does anyone know what Bitpays volume is cause $30 million seems like a bit much in my opinion.
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May 20, 2014, 07:25:25 AM
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Does anyone know what Bitpays volume is cause $30 million seems like a bit much in my opinion.

I remember reading 1mil$ a day or so. Few hundred new merchants every day.
30mil seems analogous to what coinbase were securing, does not seem much to me.
kuroman
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May 20, 2014, 08:12:08 AM
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are there any other/more official sources reporting this news? But that goes accordingly with what rich investor do, they invest in everything that has potentiel return with a relatively low risk, notice how he is investing in companies and not in bitcoin straight
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May 20, 2014, 09:33:32 AM
 #11

$1-2mn per day -- circa $500mn annual run-rate which is tiny still in the grand scheme of things
30,000 installed merchants to date growing at 1,000 a week

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JessyMatt
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May 20, 2014, 08:10:13 PM
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Does anyone know what Bitpays volume is cause $30 million seems like a bit much in my opinion.

BitPay is doing $1-3 mills a day. That $30 millions investment is not near it's true evaluation.

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May 21, 2014, 01:13:30 AM
 #13

Does anyone know what Bitpays volume is cause $30 million seems like a bit much in my opinion.

I remember reading 1mil$ a day or so. Few hundred new merchants every day.
30mil seems analogous to what coinbase were securing, does not seem much to me.


That would appear to be cheap if true.   About $411 to gain an introduction to each business over the next year is quite cheap.  Of course they have to make profit from each of those businesses and get the revenue to regain that money spent but it appears cheap for that amount of potential growth.
  Not including whatever business is already established and profitable within bitpay

I can see why they went for it though branson and the other have all split the risk and can write off a loss here against profits elsewhere and so on, this is just a punt for them

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trader001
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May 21, 2014, 02:15:29 AM
 #14

Investing in bitpay is not really same as investing in bitcoin.

Bitcoin price could drop a lot and it doesn't really change the functionality and utility of the coin. Bitpay could still charge and grow the same regardless of the value of bitcoin.

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May 21, 2014, 03:24:54 AM
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Investing in bitpay is not really same as investing in bitcoin.

Bitcoin price could drop a lot and it doesn't really change the functionality and utility of the coin. Bitpay could still charge and grow the same regardless of the value of bitcoin.



Perhaps not, but investing 30 million into a bit coin promoting business shows a lot of faith in the technology. Since the company he invested in brings new merchants to bit coin it is a big deal for us.

JessyMatt
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May 21, 2014, 04:37:05 AM
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Investing in bitpay is not really same as investing in bitcoin.

Bitcoin price could drop a lot and it doesn't really change the functionality and utility of the coin. Bitpay could still charge and grow the same regardless of the value of bitcoin.



Perhaps not, but investing 30 million into a bit coin promoting business shows a lot of faith in the technology. Since the company he invested in brings new merchants to bit coin it is a big deal for us.

Totally agree with. Having rich and successful business people investing in bitcoin platforms will increase people confidence and convince governments around the world to get on board as well. It's serious when you have serious backing.

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May 21, 2014, 07:27:54 AM
 #17

Nice news, I think there will be an huge pump at horizon..

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May 21, 2014, 04:43:49 PM
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Compare Richard Branson with Warren Buffet. The first one is tech savvy, and always open to new and innovative ideas. The second one (was) a genius, 20 years ago, and belongs to the old school. Let's see who will be more successful in the next 5 years.  Grin

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May 21, 2014, 06:04:36 PM
 #19

Richard Branson is much more a risk taker than Buffet. Richard is going to own the world soon.

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May 21, 2014, 06:31:41 PM
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Compare Richard Branson with Warren Buffet. The first one is tech savvy, and always open to new and innovative ideas. The second one (was) a genius, 20 years ago, and belongs to the old school. Let's see who will be more successful in the next 5 years.  Grin

Bufffet is 83 years old... in 5 years?......  maybe he should invest in life extending technologies.. Wink

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