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Non-Tech : GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX

GBTC 86.66

-2.7%

Oct 29 4:00 PM EDT

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From: Elroy	6/15/2022 2:42:23 PM
	1 Recommendation Recommended By Doren Read Replies (1) of 270

For those who think Bitcoin has declined quite a bit recently, I'll just point out that six years ago Bitcoin was below $1,000 per "coin". Today Bitcoin doesn't have much more utility than it did six years ago, today if you have control of some "Bitcoin" you still only get to use that control to enter some 1s and 0s in the same (but now larger) distributed digital file. That's all it did when it was below $1,000, and that's all it does today when it's hovering around $20,000. It is up tremendously over those five years, and I don't see much reason why it won't go back to previous levels. Long term it's worth exactly zero. As the world's largest most transparent Ponzi scheme gets revealed as such, there's nothing to support an increasing value of Bitcoin. Hodlers gotta get out there and convince newbies to buy. Lets see if the newbies have wised up. Michael Saylor losing a billion dollars of investor money on a Ponzi scheme doesn't help the bull's story (whatever it is).

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