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To: GunRunner

This guy (among others) has said repeatedly that Bitcoin is “digital gold” and has derided physical gold.

I think a comparison is therefore interesting

As for Saylor his firm’s stock has fallen a lot more than the average tech stock I believe......


13 posted on 05/11/2022 9:33:57 PM PDT by RandFan (For some reason I'm interested in politics, particularly the U.S. Senate)
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To: RandFan
He’s been a bitcoin cheerleaders for years over precious metals as a speculative asset, mainly for portability and speed as a way of moving money and as a store of value. Track bitcoin’s value versus gold over the past 10 years.

Or, try sending $100k worth of gold to someone in another country on a Saturday.

As for Microstrategy, he gave every single shareholder full disclosure of their bitcoin buys before they executed them, and offered a market price to exit if they weren’t comfortable with it.

At some point, either in the next few weeks or next few months (or unlikely but still possible, the next year or two), bitcoin will be back to $50k or higher, so you can treat this as an opportunity to double your money, or you can post Twitter trolls who seem to have a huge lack of knowledge of the subject of their ire.

If it’s not your thing then it’s not your thing, and you can go back to listening to the Charlie Mungers of the word. But the celebrating here over bitcoin’s supposed death is teetering between amusing and hilarious to people who’ve been watching this for a while and have seen it all before.

17 posted on 05/11/2022 9:48:04 PM PDT by GunRunner
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