16 wild Bitcoin tales of rags to riches (and vice versa)

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#11 Long Island Iced Blockchain

Long Island Iced Blockchain

In the world of mainstream finance and business, people are only now really starting to catch on to the idea of cryptocurrency and Bitcoin. In fact, people are going kind of crazy for it, sometimes without even fully understanding why. One interesting move, by the company formerly known as Long Island Iced Tea, was to tactically change the name of their company to “Long Island Blockchain”. The company will still be making iced tea and other juices and are only in the early stages of looking at possible investments in the crypto-industry, but already the move has proved to be effective – their stocks rose 200% in the wake of the name-change!

Source: Bloomberg