From: Lesley Groff To: Ike Groff el Subject: Re: BITCOIN - MINE, MINE, MINE Date: Thu, 29 May 2014 15:47:20 +0000 thx On May 29, 2014, at 11:40 AM, Ike Groff .cj wrote: Forward to je if you like. From: Ian Winer [mailto: Sent: Thursday, May 29, 2014 11:37 AM Subject: BITCOIN - MINE, MINE, MINE ***This sales note is produced by Wedbush Equities and is not a product of the Wedbush Research Department*** CRYPTO CURRENCY - TAKING A BITE OUT OF BITCOIN Gil Luria Wedbush Senior Analyst has done extensive leading edge work on Crypto Currencies and their potential disruptive technology. BITCOIN is wrought with controversy and therein is the opportunity! Any way you look at crypto currencies — there are ways to make money! Gil Luria and Wedbush are the best to help.... I have attached our recent note as Wedbush has written extensively on the subject and I would encourage anyone who has an interest in this new paradigm to talk to Gil Luria. This is not a call on "Bitcoin", but rather an attempt to lay out the implications for the entire industry... Here are just a few points: 1) We believe bitcoin related technologies will disrupt payments markets and other trust-based markets within the next few years and for decades to follow. We also see an emerging opportunity within the Internet of Things. 2) Like other new major technology disruptions (e.g. Social Mobile) we believe the disruption from bitcoin will take longer than expected but have an even more profound impact than anticipated. We believe bitcoin adoption is going through the adoption chasm making the timing of broader implementation of the technology still 1-3 years away. EFTA00368958