And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Tuesday, October 15, 2024
Interesting chart. Bitcoin is the tenth largest asset on the planet, according to this.
That is a funny chart. Comparing the total value of bitcoin in the world to the value of companies is kind of nonsense. In any case you should compare the value of bitcoin to the value of other currencies. For example, there over 2.3T dollars in circulation the world.
If you want to compare bitcoin, a currency, to a physical asset I suggest cows. The global beef market is $450B per year. It takes 3 years to raise a cow for slaughter. That means that the value of all beef currently in the process of being raised for consumption is about the same as the value of all bitcoin. Don't buy bitcoin, raise a cow!
There's a sucker born everyday. Worth less than our worthless fiat money.
ReplyDeleteActually no it’s not. It’s absolutely the future of how monies will be traded. If you trust the dollar more than bitcoin I feel bad for you.
DeleteUntil the power goes out, or a government decides they now own it.
ReplyDeleteDidn’t the government ban gold at one point in time?
DeleteMy wife’s boyfriend invests heavily in bitcoin.
ReplyDeleteI have consoled a few people who have had their bitcoin vanish into thin air. Sell it now and don't go back. It is truly funny money.
ReplyDeleteThat is a funny chart. Comparing the total value of bitcoin in the world to the value of companies is kind of nonsense. In any case you should compare the value of bitcoin to the value of other currencies. For example, there over 2.3T dollars in circulation the world.
ReplyDeleteIf you want to compare bitcoin, a currency, to a physical asset I suggest cows. The global beef market is $450B per year. It takes 3 years to raise a cow for slaughter. That means that the value of all beef currently in the process of being raised for consumption is about the same as the value of all bitcoin.
Don't buy bitcoin, raise a cow!