Bitcoin Domains in the Spotlight
Coin Desk did a piece on the boom in Bitcoin related domain names, Ron Jackson was quoted in the story. The story covers BTCS.com as well as BitcoinWallet.com which was sold for $250,000 by Niko Younts. Niko talks in the article about prices rising for Bitcoin related domain names. BTCS.com apparently was purchased for $12,250.
From the article:
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 trend. The only major one we have seen this year is BitcoinWallet.com.”
Another domain name sale that is often cited by players in the sector is that of BTCS.com, which was purchased by Bitcoin Shop last February. The price was undisclosed, but domain name traders cite as an acquisition with a potentially hefty price tag. But Bitcoin Shop’s chief executive Charles Allen tells CoinDesk that it was acquired for just $12,250, which is slightly more than the amount Younts paid for BitcoinWallet.com.
Read the full article here