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Re: FlyFishingStocks post# 316860

Saturday, 12/26/2020 4:53:57 PM

Saturday, December 26, 2020 4:53:57 PM

Post# of 426482
FFS:
How do you know what the mkt cap is for Bitcoin since technically the supply is infinite? I've heard stories in the early days of investors buying Bitcoin the lack of sophistication was such that millions of dollars were lost because they misplaced their key or weren't smart enough to know the importance of protecting that key such as placing it on a USB. Have you considered what would/will happen when mining Bitcoin becomes a common practice and the supply is more than the demand?

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.
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