Posted on 02/12/2024 9:34:47 AM PST by zeestephen
"Demand for spot-bitcoin ETFs remains robust, with net inflows of $1.1 billion over the past week and $2.8 billion since their launch," he added. "On Friday alone, ETFs acquired 12,000 bitcoin, significantly outpacing the daily creation rate of approximately 900 new bitcoins."
(Excerpt) Read more at cnbc.com ...
Blockchain preserves privacy by sending one copy to the NASA, another copy to Mossad, a third copy to Chinese intelligence and a fourth copy to the Russian secret service.
Then it is hacked into by a variety of organized crime families.
Right?
;-)
I’m going to guess 50.
What is this “tulips”?
A new App?
Lol.
Tulips huh? IF you bought long term at just about any point you would be ahead and probably a lot with BTC. And probably a lot more than just about any other investment. A currency collapse will fuel it to the end of the petrodollar IMHO.
Simple economics. ETFs, the coming halving, FED money printing and huge investors with FOMO: The simple Econ 101 Supply and Demand equation will require even more positive outcomes in the future.
I am not investment advisor, so don’t do what I suggest,,,, and maybe you are the type that prefers Jim Cramer’s advice, with his campy sound effect button board he slams as he screams... Good luck with that.
Your comment was not directed at me, but I do want to respond.
I have been following crypto and Blockchain for the last five years.
I still have no idea what is unique about Blockchain.
In my opinion, any financial trading software in the world can do exactly what Blockchain does...
Just lock the trading software on "Write Once - Read Only."
Then, archive it, in real time, on a public website.
Presto - you are now a Master of Blockchain!
My chief concern is that 20% to 35% of Bitcoins have been allegedly lost in the Blockchain.
What happens to the price of Bitcoin when quantum computers start locating all the lost Bitcoins in 10 or 15 years?
Quantum computers aren’t real. You might as well worry about cyborg overlords or Death Stars.
The real equation is energy. Gold in the ground is worth NOTHING if it takes too much energy to extract. At a certain value the cost is worth the dig. And there is a lot more gold in the world underground.
Bitcoin IS energy, proof of work, energy expended, computational power, in a proportional and constantly varying hash rate that adjusts to the market. It is perfect money in that it is totally mobile, totally decentralized, totally uncontrollable by any government, and stores value in spite of, and because of all the above. And it has an absolute finite quantity. It is in no way a “tulip” in any way regarding the historical reference, by any measure or characteristic compared to BTC.
All free market transactions will gravitate to BTC at some point. As much wiser people in the world have said, it will either go to a million or zero.
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