Last updated on January 2nd, 2018 at 12:00 am
New York City has a new famous kind of night: every Thursday is night of Bitcoin meetup. These sessions usually attract mostly tech-savvy males, under the age of 40, who are trying to build Bitcoin-related businesses or websites. Some of them are even part of charity initiatives.
It was in one of these meetups that Reuters found the investment advisor Josh Brown. The man, who is known around the web as The Reformed Broker, keeps an annual list of the investments that are most likely to be temporary fads. Last year’s list included homebuilding stocks and the financial obsession with Apple. In 2013, the big contenders are divided equity funds and exchange-traded funds specific of each country.
Were you expecting Bitcoin to be in this list? No! According to Josh Brown, Bitcoin “it’s too sophisticated for the masses”, so it’s not even considered a fad. “The thing that will strangle it is that every large tech company is working on currency to be used in its own eco-system”, he predicts.
Bitcoin users don’t think only about getting rich, their biggest wish is to make part of a movement. “It’s like Columbus discovering the New World. It’s a paradigm shift”, said Philip Nemirovsky to Reuters at the meetup, as well.
In New York City, the news agency also talked with the 23-year-old Pierre Roshard, recently graduated from the University of Texas, at Austin. He’s no big investor, but he has a couple Bitcoins.
The user is actually building a website called bitcoinadvisory.com, which has the goal to provide information on topics such as tax implications and custody issues for professionals in the financial field dealing with Bitcoins. But Roshard doesn’t like the word investment. For him, having Bitcoins is just “like having stock options in the company that you work for”.
Well, just look at the calendar: today is Thursday, so a new meetup is happening. If you’re a cryptocurrency lover in New York City, this is the place to be at 6 pm.