You are viewing a single comment's thread from:
RE: Is This The Beginning of Cryptocurrency Mass Adoption?
Comparing one bitcoin to one ounce of gold is pretty arbitrary. It's not like bitcoins are measured in ounces. That said, I can't claim that I understand the table that you included. Where it says current value, what does that mean?
If you invested $10k into any one of those investments in 2010. It gives the dollar amount of what that investment would be worth today.
Thanks. That makes sense. I thought that 2010 was a little arbitrary as the year to compare to, but I looked up when bitcoin was started and it was just a little before then.
Yep. It was at a low point for Bitcoin. Which of course the chart uses to really drive it's point home. But either way, it has been a major outperformer.
if softness and weight were the important values about gold you'd use it for bullets not money. Money is not about intrinsic value but exchange (secondary) value.