Wednesday, November 1, 2017

Bitcoin mania

I thought that Tulip mania was the mother of all speculative bubbles, but Bitcoin puts Tulip mania to shame!

All the bitcoins in the word are currently "worth" over $100 Billion. Would you rather have $100B in 4% of Google, Facebook, Amazon, Berkshire Hathaway and Coca-Cola and pre-tax profit of $3.3B annually or all the Bitcoins in the world?

- Bitcoin will not be around by 2030 and AMZN, FB, GOOG, BRK and KO will be worth double what they are worth now by 2030.

Stay away from speculation, it would be funny if it wouldn't be so sad what people get themselves into.