This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

[video] Doug Kass: 15 Surprises for 2014 (Part 2)

Surprise No. 9: Bitcoin becomes a roller coaster.

Bitcoin scores acceptance as a virtual currency from Amazon and eBay (EBAY) in early 2014 and climbs to over $7,500 in value by midyear.

The Winklevoss twins make nearly $350 million on paper from their investment in bitcoin. (Boca Biff, also mega long bitcoin, bids for the Boca Raton Hotel, which is across the street from his home in Boca Raton, Florida.)

Just at the time that bitcoin begins gaining legitimacy as a currency, improprieties in the calculation of the supply of bitcoins are found. A fraudulent double-spend attack wreaks havoc and significantly disrupts the bitcoin market. At the same time, a selfish miner (who does not release solutions to solved cryptopuzzles and minds a branch in secret) successfully attacks the bitcoin system and gains control of over 55% of the total network hashing power.

The value of bitcoin falls by nearly 70% in a two-week period and closes back under $1,000 by year-end.

Several momentum-based hedge funds that got long fail spectacularly.

Strategy: Buy and then short bitcoins

4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BRK.A $219,000.00 -0.05%
BRK.B $145.48 -0.40%
TWTR $14.62 -0.14%
TSLA $240.76 -2.81%
AAPL $93.74 -1.15%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs