Andreessen believes that more and more people will start using Bitcoin online. Andreessen is betting bitcoin is what internet was in 1993 and 1994.
Lahore, Pakistan -- (SBWIRE) -- 03/27/2014 -- Bitcoin is trading 55% below its record high after the Mt. Gox saga. Mt. Gox the biggest Bitcoin Exchange located in Tokyo went bankrupt in the last week of February. For a few days, it came under a massive DDoS attack by the hackers. The website became inaccessible and caused panic amongst bitcoin investors. However the mystery of Mt. Gox website disappearing was resolved soon when the company filed for bankruptcy and filed losses of around $470 million. Mt. Gox also reported around 670K bitcoins lost. In a recent WSJ article, it is reported that Mt. Gox is cooperating with the police in finding the lost bitcoins.
Many people started questioning the future of the virtual currency that is not controlled by any central bank. However, now many analysts believe that Mt. Gox saga helped strengthen the reputation of this virtual currency and proved its resilience. In a recent Yahoo Finance article, it is reported that Marc Andreessen the founder of Netscape is investing $50 Million in Bitcoin related industries. Andreessen believes that more and more people will start using Bitcoin online. Andreessen is betting bitcoin is what internet was in 1993 and 1994. Right now bitcoin is scary and full of scams and frauds just as internet was in its beginning according to Marc Andreessen.
Bitcoin Miracle is an eBook that shows what Bitcoins are and how to invest and trade them. The author of Bitcoin Mircale has made a lot of money investing in Bitcoins and he shows many unusual methods that he used to make money with this virtual currency.
Ahmad did his Masters from Harvard University. He is interested in trading, investing and technology. He has a few blogs where he writes about trading and investing.
For more information about the Bitcoin Miracle and about Marc Andreessen investing in bitcoins, please visit the following website: