They are comparing the companies stock which is an asset, to another asset which is a bitcoin a cryptocurrency
an asset is an asset
Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap
- Thread starter OfTheCross
- Start date
They are comparing the companies stock which is an asset, to another asset which is a bitcoin a cryptocurrency
an asset is an asset
How so? Literally the historical evidence in front of you tells you otherwise
The last this month Bitcoin wasn't even 6k and it's at 62k and some change, if that won't convince them nothing real
even when bitcoin crashes which it will, it won't be nowhere near down to its lowest points
Say hello to DCEP.. Blockchain based Chinese cryptocurency.
China’s digital currency is a threat to dollar dominance
What company does bitcoin represent?
Market cap?
OfTheCross
Veteran
This is about to go worse than they expect, can you imagine how much easier it's going to be to print that shyt? Now they don't need machines for it just straight digital. People keep thinking the yuan finna flip the dollar and shyt gonna be completely normal naw this is a real deal great depression scenario cause if the dollar losing value like that then every other fiat will too. Plus I can't see the yuan being the reserve currency because china has the most sociopathic government in the world with it's invasive monitoring so I don't even see them keeping the dollar flipped that long
It doesn't represent a company, it's a technology, an asset
blockchain bitcoin is built is blueprint for the way all transaction will be handled in the future
their not saying they are the same thing, those were the fastest assets to reach 1 trillion market cap before Bitcoin
I understand bitcoin and all that stuff.
But I don't understand how it's an asset that can be compared to a companies valuation?
Bc bitcoin is a currency. Do currencies tend to have market caps? Also I'm not BSing these are legit questions.
Bitcoin has a market cap because there's finite amount of it
the market cap is based on the value of all bitcoins mined so far
and there's a limit to how many bitcoins can be mined period
Fiat Currency can be generated at anytime at any amount and dumped into the market there is no cap
Bitcoin is valuable because it's rare and finite, and sooner than later you won't even be able to buy it, so those with it, will be extremely rich
so its a good idea to at least get 500 dollars worth because it will be 1 million in ten years
Appreciated. Dunno if 500 now turns into 1MM in 10 years. But I hope so.
last year in march Bitcoin was valued at 3k for 1 bitcoin, and was 40k by October, and his 62k right now, and the bull run hasn't even happened yet, it probably get 200k by the end of the year, then crash
Insensitive
Superstar
I feel like BTC is at "Self Fulfilling Prophecy" levels now.
It'll just keep blowing on up from here.
It'll just keep blowing on up from here.