Inc 5000 Entrepreneur Buys BitcoinWallet.com Domain for $250k

<div dir="ltr" style="text-align: left;" trbidi="on"><div class="single-title"><h1><span class="single-author"></span></h1><div class="single-info"> <span class="single-author"><a href="http://www.coindesk.com/author/pete-rizzo/" rel="author" title="Posts by Pete Rizzo">Pete Rizzo</a> (<a class="authortwitter" href="http://www.twitter.com/pete_rizzo_" target="_newwindow">@pete_rizzo_)</a> | </span> <span class="single-date">Published on February 6, 2014 at 02:52 GMT | </span> <span class="single-category"><strong><em><a href="http://www.coindesk.com/news/" rel="category tag" title="View all posts in News">News</a></em></strong></span></div></div><div class="single-content" data-twttr-id="twttr-sandbox-0"><div class="picture featured"><img alt="shutterstock_93218983" class=" wp-post-image" height="185" src="http://media.coindesk.com/2014/02/shutterstock_93218983-300x185.jpg" width="300" /></div><span class="wpsr_floatbts_anchor" data-offset="31"></span>The domain name BitcoinWallet.com has been purchased by Austin, Texas, entrepreneur Alex Charfen for $250,000.<br />Niko Younts, a media consultant, bitcoin investor and the domain’s previous owner, broke the news via Twitter on 5th February.<br />Younts, who confirmed the sale to CoinDesk but declined to comment, also noted in the post that he is close to selling the domain BitcoinWallets.com for a similar asking price. The domain asset was a part of the NeverLoseVision.com investment portfolio, a seven-figure incubator portfolio with startup projects and investment domain assets.<br />A search of the WHOIS domain record-keeping database revealed that Younts <a href="http://who.godaddy.com/whois.aspx?k=nF2Hh24dJF3UBTe8+8Lm6F6fiKgEn04G8ufwU3MZRuTA10wNPIhBqTFqV/Q4ICeW&domain=bitcoinwallets.com&prog_id=GoDaddy" target="_blank">is the current owner of BitcoinWallets.com</a>, and that <a href="http://www.alexcharfen.com/about-alex" target="_blank">Charfen</a> <a href="http://who.godaddy.com/whois.aspx?domain=bitcoinwallet.com&prog_id=GoDaddy" target="_blank">is the current owner of BitcoinWallet.com</a>.<br /><h2>Who is Alex Charfen?</h2>Founder of <a href="http://www.alexcharfen.com/charfen-institute" target="_blank">the Charfen Institute</a> with his wife Cadey Charfen, Alex Charfen is an established entrepreneur and published author having written books as well as opinion articles for <a href="http://www.huffingtonpost.com/alex-charfen/reactivity-technology_b_1819088.html" target="_blank">high-profile publications</a>.<br />Also an accomplished motivational speaker, Charfen has built his career on his personal comeback story. In the 1990s, Charfen worked as at a multinational conglomerate, but lost everything when his investments in real estate were wiped out by the recession and subsequent financial collapse.<br />Undeterred, Charfen filed for bankruptcy and soon decided he could help the real estate industry learn from the mistakes it made. Charfen launched the Distressed Property Institute as a way to offer REALTORS additional education, and soon started the Charfen Institute, which provides training and educational products.<br />The company now earns 10.8m annually and placed among <a href="http://www.inc.com/profile/charfen-institute" target="_blank">the Inc. 5000 in 2013</a>.<br /><h2>Plans for BitcoinWallet.com?</h2><figure class="wp-caption alignright" id="attachment_42665"><a href="http://media.coindesk.com/2014/02/Screen-Shot-2014-02-05-at-8.53.09-PM.png"><img alt="A screenshot of BitcoinWallet.com" class="size-large wp-image-42665" height="185" src="http://media.coindesk.com/2014/02/Screen-Shot-2014-02-05-at-8.53.09-PM-300x185.png" width="300" /></a><figcaption class="wp-caption-text" id="figcaption_attachment_42665">A screenshot of BitcoinWallet.com</figcaption></figure>At press time, Charfen had not responded to requests for comment about his plans for the website. However, should the entrepreneur decide to launch a <a href="http://www.coindesk.com/companies/wallets/">bitcoin wallet</a> service, he is likely to find competition from the available desktop, mobile and web wallets.<br />Existing bitcoin wallet providers such as <a href="http://www.coindesk.com/companies/blockchain-info/">Blockchain</a>, which <a href="http://www.coindesk.com/16-year-old-wins-10-bitcoins-blockchain-giveaway/">recently passed 1 million users</a>, and <a href="http://www.coindesk.com/companies/coinbase/">Coinbase</a>, which raised $25m in its last round of funding, have already established themselves as dominant names in the space.<br />However, as the bitcoin market continues to grow, it’s not out of the question that the need for more user-friendly wallets, or even specialty types of wallets will emerge, meaning the investment could pay dividends.<br /><em>What do you think of the purchase? Weigh in with your thoughts below.</em><br /><div class="single-tags"><a href="http://www.coindesk.com/tag/blockchain-info/">Blockchain.info</a><a href="http://www.coindesk.com/tag/domain/">domain</a><a href="http://www.coindesk.com/tag/wallet/">wallet</a></div></div></div>

Inc 5000 Entrepreneur Buys BitcoinWallet.com Domain for $250k

Pete Rizzo ( @pete_rizzo_) | Published on February 6, 2014 at 02:52 GMT | News The domain name BitcoinWallet.com has been purchased by ...

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