I'm Roger Ver, CEO of
A year ago I offered a $10,000 bet that over the next two years, Bitcoins would outperform Gold, Silver, the US Stock Market, and the US Dollar by more than one hundred times.
Today marks the half way point in that bet, and a lot has happened in that time.
In the last year Bitcoin prices dropped from $10 to $2, and have been steadily climbing ever since to the $11.10 they are currently.
Real venture capital has started flowing into Bitcoin businesses, including:
and a number of other projects that have not been publicly released yet.
We have also witnessed the creation of an alternative, non-governmentaly regulated stock market based on Bitcoins. It currently has nearly 200 businesses listed and millions of dollars worth of Bitcoins have been traded.
We have seen new Bitcoin currency exchange businesses starting around the world with new ones coming online nearly every week.
A year ago it was only a dream, but today, anyone in the USA, Brazil or Russia can walk into a local shop, and deposit cash at over 700,000 location including Walmarts, 7-11, CVS and major banks, and have Bitcoins almost instantly. This service will soon be available in about 180 countries around the world!
Thanks to great new services such as and 's "My Wallet" You can now send Bitcoins directly to your friends on facebook, or to anyone's email address or cellphone number around the world.
We've seen the emergence of Bitcoin into tradional style gambling sites such as and . We have also seen the creation of an entirely new form of Bitcoin based gambling with sites like .
Today, the vast majority of the world still hasn't heard about Bitcoin, but enough people have, that it will continue to grow rapidly from this point.
I'm confident that Bitcoin is the most important invention in the history of human kind since the Internet itself. Just as in 1990, most people didn't know what was coming with the internet, but by 2,000 it was an integral part of our lives, the same will be true with Bitcoin.
In regards to my bet, I think I am on the right path.
Since last year:
Bitcoin is the leader by being up 11.1%
The US stock markets are in second place being up 7.8%
Gold and Silver are the real losers over the last year being down 3.5% and 33.5% respectively.
The USD is forever unchanged at $1.
I look forward to seeing the final results a year from now.
Today is August 4th, 2012, Bitcoins are about $11.10
Thanks for watching.
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Some additional thoughts in a a truecrypt archive that I may decide to make public after the bet is finished:
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