So? Actually that would be huge. That’s a market of 6 million people just here in the US and 140 million worldwide. I doubt there are THAT many people interested in bitcoins. There probably aren’t that many that own Apple stocks.
The point is that if you own bitcoins you could sell them right now in seconds for $1270 each.
You’re letting your prejudices cloud your view of reality. That’s never a good move.
Not exactly. I’m not denigrating all the peeps into bitcoin. I know little about it but enough to understand the mining operations with fast computers and massive electric power usage. Someone thinks it’s worth the investment. Great.
What I’m saying is if I have an Oz of gold I know I can keep it, sell it, trade it for something else. I know the hour to hour value. If I traded for bitcoin, I don’t sense that liquidity or fungibility. Perhaps it exists, but I don’t sense it.