Market cap in 738bn right now, way too much. Almost 10% of the value of all the gold in the world (10Trillion). Bitcoin is a tulip craze. Doesn't mean some won't make bank.
Dude they been making the damn Tulip argument since 2010. The actual Dutch tulip craze lasted less than a year. Anyways, do you know how big the derivatives market is? It's over a quadrillion dollars. Blockchain and crypto are more akin to the invention of the corporation and double entry bookkeeping, it's a new form of organizing capital. It's never going away. It will literally shape the future.
The craze lasted less than a year because tulips were not a revolutionary technology. They were an elastic supply commodity, just like wheat and corn. Bitcoin has an inelastic supply, more like gold...which is just a shiny rock bubble scam that's been going on for 5000 years. ?
Market cap in 738bn right now, way too much. Almost 10% of the value of all the gold in the world (10Trillion). Bitcoin is a tulip craze. Doesn't mean some won't make bank.
Dude they been making the damn Tulip argument since 2010. The actual Dutch tulip craze lasted less than a year. Anyways, do you know how big the derivatives market is? It's over a quadrillion dollars. Blockchain and crypto are more akin to the invention of the corporation and double entry bookkeeping, it's a new form of organizing capital. It's never going away. It will literally shape the future.
Some people made a shit ton on money in tulips. They probably pumped tulips forever. Looking back we see it was a joke
The craze lasted less than a year because tulips were not a revolutionary technology. They were an elastic supply commodity, just like wheat and corn. Bitcoin has an inelastic supply, more like gold...which is just a shiny rock bubble scam that's been going on for 5000 years. ?