I think at the moment holding Microstrategy is a good way to have exposure to Bitcoin upside, they currently own 1 billion$ of Bitcoin on their balance sheet. I was planning to pull the trigger at 120$ now its 700$. ooops
If you have a substantial amount then cold storage is a good option i.e nano ledger
I have had that one in my SIPP for 3 years. Up 300% for me so far
Can we have that in FT ISA please!!!
Hi guys, if you share my interest in having BTC exposure within the ISA, I started off this request!!!
I find Tyler winklevoss is just a massive shill
I don’t think that’s right
an accomplice of a confidence trickster or swindler who poses as a genuine customer to entice or encourage others.
“I used to be a shill in a Reno gambling club”
I think he is a genuine customer ! He doesn’t just pose as one
Wall street follows and sets trends, so like… bitcoin and ether are just commodities they can trade? CME exchange (chicago mercentile) are gonna do ETH futures now. Virtual coin backed by real tech is legit. Dogecoin is fun (it wasnt meant to be serious). Ive never touched gold but ive read about the (end) of the gold standard.
- Helping to drive this latest run is fresh interest on the part of institutional money such as Ray Dalio’s Bridgewater Associates, which manages $150 billion in investor money, and the Miller Opportunity Trust. It may also be getting a boost from MicroStrategy’s WORLD.NOW BTC-themed conference this past week.
- “Bridgewater’s piece out last week had a sensitivity analysis which showed their estimates of BTC price, should private holders of gold switch to BTC,” states a weekly investor note Friday from quantitative trading firm QCP Capital.
- “They forecasted that should 50% of capital in gold move into BTC, that would result in a price of $85,000 per 1 BTC.”
i like Buffett but he’s admitted hes missed investin into Google (he got into IBM? Made a loss then → Apple) - he’s not a techie and likes old fashioned energy companies (?).
p.s. always do your homework
former PayPal CEO tries to defend gold vs Btc but uses arguments that cane used used to defend BTC?
current PayPal CEO sees the value proposition of bitcoin
People who compare gold to bitcoin don’t understand gold and probably Bitcoin.
Gold has stood the test of time for over 2000 years as a form of currency. It has to be sought and mined and no one knows how much is left on the planet.
It is used in industry and as jewellery. It can have sentimental value too.
As they are very different they serve different purposes in ones portfolio.
There is something very special about holding physical gold: the touch, the feel, the weight, the density, the colour, the shine, the unique properties its holds.You just dont get that from bitcoin
Although I am pro Bitcoin and hold it in my portfolio I also hold gold but for very different reasons!
Yes and no. They are very different things indeed, but share a lot of similarities as an asset.
Gold and Bitcoin are both deflationary instruments. So they can and are both used by people to protect against inflation (both have inherently limited supply).
Few actually buy physical gold, so the holding a gold bar/physical component isn’t actually a big thing.
Exatcly, times of gold are long gone since very few that hold physical hold and buys paper gold IOUs. Therefore price of gold been suppressed and will be for foreseeable future. Bitcoin on the otherhand as a store of value natively is digital and escapes escapes enslavement of IOUs, because its easy to verify. World moves digital not the other way around. Gold needs to be used as utility in order to bring good to our everyday lives
The trouble with paper gold is that they sell more than what actually exists in real life and hope you don’t come asking for physical delivery.
Just like any fractional reserve bank. For every dollar in the bank it lends 10$. But unlike dollar you cannot print more. So no bailout. Should be illegal
I love the idea of physical gold, but I’m in agreement with others, that time has past…
Scrooge McDuck days are no more…
Which is more fun???