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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This thread is amazing.  The amount of fear and ignorance is just wild.  Bitcoin is no longer all that volatile, certainly compared to the early days.  It has been accepted by Wall Street - it's one of BlackRock's largest investments.  The conservative Charles Schwab brokerage is going to allow trading in spot Bitcoin.  Ignore all the Trump BS - he really doesn't have much to do with Bitcoin and clearly doesn't understand it based on his public comments.  He just wanted to fundraise from the libertarian tech bros.  Polls show ownership is pretty even across the political spectrum, even tilting left.  The whole point of it is a hedge against the built-in inflationary trajectory of government-issued currencies.  It plays the same role gold has for 1000s of years.  People still repeating tired talking points about money laundering and tulips and ponzis simply don't know what they are talking about.  Do some actual research - read Lyn Alden for example, or The Bitcoin Standard.  Btw, I have a 25% allocation in a $6m portfolio and constantly wish I had more!  [/quote]

This is spot on.[/quote]

No, it's not. And by the way, gold has had plenty of periods where it traded in a bear market for decades. It's perhaps a tail risk hedge with some intrinsic value but nothing more. The nice thing about companies that cash flow is their value proves out over time. Bitcoin and these manufactured asset don't.  That's why you crypto evangelists need to convince us you're right. I don't need to do the same with various companies or traditional investments. [/quote]

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