Fidelity halts Bitcoin Investments -- Bitcoin is the Future -- Swiss May Accept Bitcoin
MB
·
2013-12-13
·00:05:05
·MadBitcoins
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Summary
Here's a summary of the 2013-12-13 "Fidelity halts Bitcoin Investments -- Bitcoin is the Future -- Swiss May Accept Bitcoin" MB episode:
1. Main Topics Discussed:
- Fidelity's Retreat: Fidelity Investments initially allowed a single investor to invest in Bitcoin through his IRA but has since retracted the offer without explanation.
- Bitcoin's Future: PayPal's President is reportedly a supporter of Bitcoin, believing it represents the future of currency.
- Swiss Acceptance: Swiss lawmakers are considering treating Bitcoin as foreign currency, with a proposal likely to pass.
- Charity: The host is using Bitcoin to raise funds for a water well in Choga, Uganda, through BitcoinHelps.org.
2. Key Quotes:
- "Sometimes when the news is too good to be true, it just isn't true." (Regarding Fidelity's retraction)
- "Bitcoin is the future, not NFC." (Attributed to PayPal's President)
- "I've seen you do great things, Bitcoin. I've seen you keep homeless people warm and I've seen you feed the needy." (Host expressing faith in Bitcoin's potential)
3. People Mentioned:
- Ashley (Host's cousin, involved in the charity)
- PayPal President (unnamed)
- The investor who initially invested with Fidelity (owner of the Golden State Warriors and investor in Second Market)
4. Bitcoin Price:
- Reported range: $8.67 - $9.33 (USD)
- CoinDesk BPI: $8.75 (USD)
People mentioned