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Wednesday, Oct 27, 2021
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How Much MicroStrategy Would Have Lost Investing In Gold Instead of Bitcoin

How Much MicroStrategy Would Have Lost Investing In Gold Instead of Bitcoin

Bitcoin was in a recovery from one of its worst declines, little over a year ago. But, it was about to enter a new age of adoption that would drive it to new all-time highs within the next months.
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Oh ya 49 days ago
And what was the reason for Bitcoin to increase in price? . Did it manufacture something, porduce something? What are its assets? Oh yes it went up because a seller found a bigger sucker
Steve 49 days ago
Could argue that the same applies for many investment product. If people see value they will buy, if not, they wont. What is the real value of gold? What can you do with it in 2021? Can't eat it, it's not really valuable for industrial use, since copper replaced it. You have to buy it in physical form as paper gold is not really yours... So it's just a "trustworthy asset that is limited in supply". One could argue the same for Bitcoin. Except the other you could move around the world instantly, for a tiny cost, verify ownership etc. "The other is... Tim Allen"
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