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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%Dec 19 4:00 PM EST
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To: TobagoJack who wrote (166342)12/24/2020 8:29:24 AM
From: Julius Wong1 Recommendation

Recommended By
bull_dozer

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Andrew Ross Sorkin, Here's Your Bitcoin Bear Case: $0
Dec. 17, 2020 2:15 PM ET
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Summary

The idea that a cryptocurrency should have any value at all, as a currency, is absurd.

If you bought a tulip in 1637, at least you got a tulip. If you buy a Bitcoin or equivalent, you get nothing. Not even a fraction of a tulip.

Bitcoin is fundamentally worthless as the fiat currency that it criticizes. That’s one of the many paradoxes about it.

Unlike Bitcoin, gold is a real thing. It’s been proven for 5,000 years. Normal people actually know what it is.

Bitcoin has gone to the moon and could go to Mars before people wake up and realize that it's worth exactly $0.

seekingalpha.com
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