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RE: Just got done watching CNBC's Fast Money, and one thing in particular stuck out...

in #cryptocurrency6 years ago

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.

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Good point about the stock splits. Haven't considered that. Look at the share price of Berkshire Hathaway.

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