To: carranza2 who wrote (165319 ) 11/21/2020 7:58:08 PM From: TobagoJack Respond to of 218882 Re <<Both gold and BTC are good, they’re just different >> they are both fun. One to fondle, the other to talk ruminate over and dialogue about. Perhaps on par w/ extreme sports Perhaps the 'thing' to do is to invest in PYPL and speculate in GBTC, as in the case of invest in HKEX (0388.HK) and speculate in anything that trades there (Tencent, Alibaba, etc etc)VIDEO barrons.com Bitcoin Rushes Toward New Highs, But the Debate Over Viability Continues Avi Salzman Nov. 20, 2020 9:07 pm ET Illustration by Elias Stein Text size Bitcoin has been running with the bulls again , up 147% for the year and nearing its all-time high of $19,783. And that has reignited debate over Bitcoin. The currency, capped at 21 million Bitcoins, has grown more acceptable as a hedge , particularly for those who see the Federal Reserve’s low-interest-rate policy spurring inflation. Investor Stanley Druckenmiller said recently that he owns a “tiny bit” of Bitcoin, as he anticipates a falling dollar. “I own many, many more times gold than I own Bitcoin, but, frankly, if the gold bet works, the Bitcoin bet will probably work better , because it’s thinner and more illiquid and has a lot more beta to it.” But the inflation narrative is complicated. The second-most valuable cryptocurrency, ether, is also rising, and its supply isn’t capped. And inflation fears have recurred, with Bitcoin sometimes rising, sometimes falling . Cryptocurrency regulation is scattershot, but decisions have lately leaned positive. PayPal received a license from New York state to allow users to trade Bitcoin; the Commodity Futures Trading Commission approved some cryptoservices; and one of President-elect Biden’s advisers, Gary Gensler, is “viewed as friendly toward cryptocurrencies,” says Oanda currency broker Edward Moya. Bridgewater’s Ray Dalio, however, remains a skeptic. Last week, he tweeted that Bitcoin doesn’t work well as a medium of exchange or a store of value—you can’t even buy much with it. He wrote that he can’t imagine central banks, institutional investors, or multinationals using it. Of course, he added, “If I’m wrong about these things, I would love to be corrected.”