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RE: Just got done watching CNBC's Fast Money, and one thing in particular stuck out...
This sort of gives hope to those thinking bitcoin bubble may pop
This sort of gives hope to those thinking bitcoin bubble may pop
Yeah appreciate @journeyoflife
We have a long way to go before that happens.
If bitcoin was a stock, it'd have split 5 times and be worth a few hundred dollars per share, and people would be like, "oh, cool, that company must be doing well" and then invest in Monsanto at $118 per share.
But bitcoin can't split, so the price looks gargantuan. Doesn't change the underlying value, which IMO is either $0 or more than $40k. Time will tell.
Good point about the stock splits. Haven't considered that. Look at the share price of Berkshire Hathaway.