World's Largest Online Seller Of Gold, APMEX, Is Now Accepting Bitcoin.
REAL MONEY buying REAL MONEY.
In 3 days they will be able to instantly offset the risk of holding Bitcoin with the futures market.
How much will a straddle cost? $10k?
The only way they'll be clearing the options is if they have total control of BTC prices.
Generations in the future, if humanity is not exterminated, may be mining our garbage dumps.
Just got off the phone with Apmex... Sales rep told me that beginning Jan, 2018 they will be accepting Itchy and Scratchy money as well as Canadian Tire dollars.
I asked them about Litecoin and the other alts and the rep laughed and said "no fucking chance" we will accept those shitcoins.
But in reality Apmex is using Bitpay, so they aren't accepting bitcoin. They receive cash for the gold thru bitpay, not bitcoins.
"On a long enough timeline, the survival rate for Bitcoin drops to zero."
Oh come on, Litecoin and Dash are actually good alternatives. Bitcoin's fees are annoying.
I envision a future of Bitcoin as digital gold and Litecoin as digital silver.