Posted on 03/12/2024 9:49:42 AM PDT by Enlightened1
Bitcoin surpasses silver to become the 8th largest asset in the world.
https://twitter.com/WatcherGuru/status/1767141335910257021
Here is a link of 18,000 Assets ranked by Market Cap
Might as well have a portfolio with air.
They might have gotten enough sheep into the pen by now. Probably time for the slaughter.
It’s a Ponzi, Fonzie
(For the 1980 crowd)
Does that mean silver will be cheaper now?
The strategery is to grow it so big and so fast that it becomes one of those “Too Big to Fail” recipients of bailout bucks.
I see the uninformed Tulip twerps have already shown up.
As for me, I’m enjoying my 100 percent return so far this year.
It’s more like a tally stick on a computer. If people want to use it for trade then it’s worth something.
The dollar is truly air. The longer you keep a dollar in a savings account the less it’s worth.
The pattern of growth with Bitcoin and other cryptocurrency is not that of a ponzi or bubble. It's a mass adoption curve. Hundreds of millions of people worldwide now hold cryptocurrency, and the number is growing substantially every month. Microstrategy should now be entering the SP500, and with its focus on holding bitcoin that means everyone with an SP500 index fund will be invested in Bitcoin.
Bitcoin is scarce. Of course so are diamonds and other things, but bitcoin is also fungible, easy to transact with worldwide, cannot be counterfeited, is censorship-resistant, decentralized, and so forth. It is simply better money than worthless, non-scarce government fiat controlled by a cabal of elites (no matter how well intentioned). As such you will continue to see cryptocurrency grow until the old fiat currencies begin dying off.
I have both in my home...
I do not understand BITCOIN...
I've traded stocks for many years.....O & G and metals mostly these days.
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Thanks! For it - or ag'in it, it'll be a wild ride.
And Fani only keeps cash, not a good inflation hedge.
"It's tulips I tell you!!"-angry old freeper dude
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What’s the P/E of Bitcoin?
There are no earning with any form of currency, so that measurement cannot be done for Bitcoin...
So nothing backs it?
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