Friendly reminder: Bitcoin is still insanely underpriced


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1) there is a ~zero correlation between the value of Bitcoin and the value of other assets. It's less correlated than gold. It means, Bitcoin is an excellent safe haven. The aggregate value of gold is about $7 trillion. If gold bags convert only 10% of their gold into Bitcoin, its price will increase by an order of magnitude.

2) There are about $20 trillion hidden in tax havens. As the "Panama papers" showed us, traditional tax havens are unreliable. If they convert only 10% into Bitcoin (which is vastly better than any tax haven), its price will increase by an order of magnitude.

Mainstream Bitcoin adoption and growing political support (Switzerland, Malta etc) will increase the value of Bitcoin even more.

The main reason why the price of Bitcoin is still below $10 000 is because you need some technical knowledge to use it, and many people are yet to hear about it.

submitted by /u/themetalfriend
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247 BTC

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


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