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Re: couldbebetter post# 316842

Saturday, 12/26/2020 3:08:36 PM

Saturday, December 26, 2020 3:08:36 PM

Post# of 424442

FFS, Bitcoin is the Jerry Seinfeld of the investment world...an investment
backed, by nothing! Because of the limited amount of the nothing, it is
given great value because of its scarcity. The more of the nothing that
is bought, the greater the value it has.



Excuse me, are you talking about the fiat 12:1 dollar or Bitcoin? LOL!

Your post is ridiculous. It's like saying, "Because of the limited amount of gold, it is given great value because of its scarcity. The more of the useless relic that is bought, the greater the value it has."

Meanwhile you profess to be helping the world by investing in AMRN which has round tripped a binary +500% gap!

Consider this:

$400,000 and higher for "digital gold"?
Even higher price predictions stem from the argument that Bitcoin can challenge — or is already starting to challenge — and eventually supplant gold as a de facto store of value. Interestingly, some of the most bullish forecasts have started to come from legacy finance as Bitcoin rose to new all-time highs in early December to vastly outperform gold in 2020.

In November, for example, an analyst from Citibank told clients in a note that Bitcoin could reach as high as $318,000 in 2021. Citibank managing director Tom Fitzpatrick cited Bitcoin's historic “unthinkable rallies followed by painful corrections.”

Currently, the Citibank executive believes BTC is in the middle of a bull run that appears to be in “what looks like a very well defined channel,” which sets it up for a $318,000 target in December 2021.

JPMorgan meanwhile is also starting to point out Bitcoin's increasing popularity among traditional investors. In fact, the investment bank giant sees a lot more upside potential from Bitcoin as "digital gold," compared to the already "very advanced" adoption of gold.


Today, Bitcoin's market cap is less than 4% of gold's. This immense upside potential has also prompted other big-name investors to share their predictions that involve Bitcoin challenging and even surpassing gold with its $9 trillion market cap.



I guess value is in the eyes of the beholder.
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