Yeah it’s a bit crazy. Blackrock and others may have bitcoins in their own investment funds, but they are quite happy to just take people’s buy/sell commissions too.
Some of the so called altcoins suddenly began exploding higher today. I own several of them, like ATOM, RNDR and SOL. I don’t own Bitcoin.
There was no persistent wave on Tuesday when it was down $6000+.
It may be a medium of exchange and a speculative investment-
it is clearly a risk on asset and not a safe haven at least for the time being.
good food in the rat trap
bttt
Someone help me out here please. Bitcoins are intangible. Where then is value? Will this wind up like the Dutch Tulip scandal?
Bitcoin Funds Pull In Money at Record Pace.
Not a bad scam for something that isn’t backed up by ANYTHING.
Bitcoin is a hedge against the fecklessness of sovereign currencies. When governments debase their own currencies in order to maintain their reckless spending, where does one go? Gold? Sure, but how easy is it to transport, and what if the government decides it wants it more than your right to have it? Institutions are starting to see the benefits of having a form of money outside government control, and so should everyone else. Also, the blockchain universe provides a transport system far safer and efficient than Central Banks offer. Diversity of assets is your friend, choose wisely.