Yeah but what the value is against , all economist classify the Bitcoin as a speculative bubble, if you look when Elon musk start a relying it to Tesla it went up to 45k$ and then he stopped and the Bitcoin crashes to 19k$ so this is a very volatile “currency” that is based on popular opinion of it it seems. Technology behind Bitcoin is amazing. My wonder is what is the value based on despite speculative intention of people and company as the stock market was back in the20s / 80s.
From what you said above still seems like a speculative bubble rather than a “currency”used to buy good. So is the value of Bitcoin only reside in the people who believe in it at the end?
Ok but what would Bitcoin worth, what if one of those big company owns a huge part of the Bitcoin.
If you look at the story of money money only worth something if people put value on it. Gold is valued by everyone. Dollars right now was valued on petrol… as you said things can disappear and it has already happened in the past.but if Bitcoin is not valued or used how do we know it is worth something? I understand your point that in term of technology it is a fantastic tool. But what is it indexed against? People opinion? People usage of the Bitcoin? Production? Or is it just speculation?
Black rock is worth 10 trillions USD so if they would bought 50 % of Bitcoin it would be today 11millions at 30k$ 330 billions investment seems they could do it … would they ? Can they do it ? If anyone can buy Bitcoin and anyone can buy as much Bitcoin they want? Could they? They almost have unlimited ressources … that does not worry you at all?
Well question is it possible or not that black rock owns 50% of Bitcoin this is indeed a very good question !
Nope I disagree for fish it is white wine! Always!
Yes I am black rock is not helping public pension access to properties etc.. if the number 1 money owner in the world is now looking to Bitcoin how long before they own 50% of Bitcoin if tomorrow Bitcoin is worth 100 000 usd who do you think can afford it?? The garbage man or black rock? I do not know much about Bitcoin but having the biggest work corporation interested by Bitcoin does not sounds good. Look at homeownership in some US states worker can’t cope with high cost homeblackrock comes and bought the houses and then the workers have to rent the house as they cannot compete. What if black rock start building huge massive Bitcoin mining facilities what could happen compare to the small miners ???
Isn’t worrying that black rock is on to Bitcoin???
You do not know a good dry white wine from Alsace or a nice Riesling + with what are you going to eat fish??? Red?
And cheaper than hiring people!
Not sure about that. Bitcoin has helped militarised many places…
