30 Jun '14, 4pm

The Bitcoin Domain Name Boom

Bitcoin isn’t the only digital asset changing hands for lots of money these days. The cryptocurrency has spurred a rising trade in associated domain names, with popular domains sometimes changing hands for hundreds of thousands of dollars. Some domain name investors and brokers believe bitcoin has opened a new category in the sector. Niko Younts is one such investor, and with good reason. It was he who sold the BitcoinWallet.com domain name for $250,000 in February , setting the high watermark for the category. The sale of the domain gave a return of nearly 23 times the initial investment, he told CoinDesk, having purchased it for $11,000. Ron Jackson, who publishes industry title Domain Name Journal , says the trade in bitcoin domains is too new for a discernible pattern to be observed: “There haven’t been enough significant bitcoin-related domain sales to call anything a...

Full article: http://www.thedomains.com/2014/06/30/the-bitcoin-domain-n...

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