![]() ![]() ![]() While there's no denying that Bitcoin has plenty of near-term momentum, it's an asset that appears to be filled with flaws and misconceptions. Tesla invested $1.5 billion into Bitcoin this past week, with MicroStrategy buying more than $1.1 billion worth of tokens in recent months. Specifically, optimists point to its 21 million token limit, its increasing utility among merchants as an accepted form of payment, and its superior blockchain, which can expedite the settlement of payments (especially cross-border payments), as reasons for the rise.īitcoin has also received plenty of attention following big buys from Elon Musk's Tesla Motors and Michael Saylor's MicroStrategy. This rally has predominantly been based on the premise that Bitcoin challenges traditional monetary theory. 9, 2016, you'd have more than $1 million as of Feb. ![]() Put into another context, if you had invested $8,200 into Bitcoin on Feb. Back out a bit further and you'll see Bitcoin has delivered gains of approximately 12,100% over the trailing five years. Bitcoin may be soaring, but it's a flawed investment ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |