Xbt.com domain name is on sale for 200 BTC

XBT, the abbreviation widely associated with Bitcoin, is the name of domain which will be on sale from Jan 5 to Feb 4 of 2018, with the desirable price of 200 BTC to be sold for
12 January 2018   999

XBT Holding SA, a privately-owned global hosting, network solutions and web development provider founded in 2005, with offices in eight countries, has placed domain Xbt.com up for auction. The holders of the website are looking for 200 BTC for the domain, the abbreviation of which is used by many financial services in association with Bitcoin.

XBT.com domain auctionXBT.com domain current auction bids

Auction terms:

  • Bidder Registration Opens: 11:00 am ET on Friday, January 5, 2018
  • Deadline: 11:00 am ET on Sunday, February 4, 2018

In order to take part in an auction, the users should provide all information and successfully complete the registration through XBT web-portal, provide the copy of a Government-issued photo ID for the Bidder or incorporation documents of any legal entity, upon the written request of XBT, send a 10,000 deposit in US Dollars sent by wire transfer or 0.5 Bitcoin paid to XBT Bitcoin wallet account, and provide a copy of the wire transmittal receipt or the Bitcoin transfer confirmation, upon the written request of XBT.

If two bids are 200.5 Bitcoins and 300 Bitcoins, the one who bet 300 bitcoins wins but pays only 200.6 bitcoins or the reserve price – whichever is higher.
 

Auction terms

The auction is stated to be considered successful only if a reserve price is reached by the highest bid, if not the auction terminates without any winner.

Bitcoin May Pass Gold Market Cap, - Novogratz

Mike Novogratz continues to be Bitcoin and cryptocurrency optimist 
25 March 2019   106

The founder of Galaxy Digital, Mike Novogratz, expressed the opinion that over the next 20 years, Bitcoin’s capitalization would “easily” surpass the gold market, currently estimated at $ 7.5 trillion. It is reported by The Daily HODL.

In a conversation with the founder of Morgan Creek Digital, Anthony Pompiano, Novogratz stressed that the inflow of institutional money to the cryptocurrency market is only a matter of time, and major players like Goldman Sachs and the Intercontinental Exchange (ICE) are already mastering a new industry.

I know Goldman for instance is gearing up around securities tokens. They’re not doing anything yet, but they’re getting really ready and looking at all the questions on – where would you store them? Do you have to build your own custody, or can you use someone else’s custody? How to get them to work.
 

Mike Novogratz

Founder, Galaxy Digital

According to him, the growth potential of Bitcoin is strong and therefore it is advisable for investors to include the first cryptocurrency in their portfolios:

I think the macro case for [Bitcoin] is pretty strong. And so, if you can put a couple percent of your portfolio in, there’s a decent chance it catches wind. Fidelity is just getting set up. Bakkt continues to get delayed a little bit, but it’s not going to be delayed forever. They’re going to be in the game. And there’s lots of other players coming.
 

Mike Novogratz

Founder, Galaxy Digital

According to him, the volume of the gold market is $ 7.5-8 trillion and in order to outperform this market, the first cryptocurrency needs to grow in price at least 100 times.

Gold’s got an $8 trillion market cap, or a $7.5 trillion market cap. And so, we’re 100x off on that. We’re not going to get there in Bitcoin in the next year or two. But over a 20-year period, could that happen? Easily. Easily. And that’s giving zero optionality to all the other stuff. And so I think it seems like a pretty smart portfolio bet.
 

Mike Novogratz

Founder, Galaxy Digital

The founder of Galaxy Digital also touched on the topic of bitcoin futures.

The reality is, the CME kicked their butts. And these guys have limited resources on what they’re going to spend their focus, and they decided to spend it elsewhere. Finding leverage in Bitcoin is going to get easier as the architecture in the space gets better. You’re already seeing the lending market around Bitcoin went from 10% to like 3%. So once you can borrow you can short. And so now it’s not so hard to short Bitcoin. It used to be almost impossible to short Bitcoin in 2016… It wasn’t great, but it’s not critical. 
 

Mike Novogratz

Founder, Galaxy Digital

In February Mike expressed the opinion that, thanks to institutional money, Bitcoin will reach $ 8,000.