Cryptocurrencies

[PHC1]

Feb 18, 2021

Bitcoin $51,967.00

Bitcoin has surged over the last few months and surpassed $50,000 for the first time this week.

Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.

One JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.

https://www.cnbc.com/2021/02/18/bitc...sks-ahead.html

[Cohibaman]

I use cash daily. [emoji6]

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[PHC1]

In 2014, researchers from NYU’s Center for Genomics & System Biology identified roughly 3,000 types of bacteria on dollar bills from a Manhattan bank. These microbes included bacteria linked to food poisoning, staph infections, gastric ulcers and pneumonia.


Dollar bills tend to circulate for about 6.6 years, according to the Federal Reserve, so there’s plenty of opportunity to pick up germs. A 2002 study from Wright-Patterson Air Force Base in Ohio tested 68 bills and found that 94% were contaminated with bacteria.

“Typically humans deposit bacteria from three areas of the body ― respiratory secretions from the nose and mouth like streptococci, skin organisms like staphylococci, and fecal matter. As a society, we’re actually bathed in feces,” Tierno said.

“Luckily for us, not everything is a pathogen, and we do have an immune response which tries to combat infection,” he added.

[PHC1]

Bitcoin’s market cap breaks $1 trillion after tripling in three months
Bitcoin’s market cap has broken above $1 trillion for the first time, signaling growth of more than 900% in less than one year.

https://cointelegraph.com/news/bitco...n-three-months

[PHC1]

Bitcoin Tops $54K for First Time While Gold Drops to 7.5-Month Low as Stimulus Calls Grow
While bitcoin rose, the price of gold fell to its lowest level since July.

The divergence between the two has become pronounced since the start of the year, with bitcoin charting a steep rise from $30,000 to $52,000 and gold falling from $1,951 to $1,760. That has triggered speculation that bitcoin is rallying at the expense of gold.

[PHC1]

I found the article interesting.

THE RISE AND FALL OF BITCOIN BILLIONAIRE ARTHUR HAYES

https://www.vanityfair.com/news/2021...Elevatordotcom

[PHC1]

One of the better presentations I have come across.

Is Bitcoin Going To $1,000,000 Or $0.00? (Answer Will Shock You!)

https://youtu.be/c6DmQxBlXms

[PHC1]

A question that has long bedeviled bitcoin observers is how to value it. Lately the answer to its worth has been whatever influential people like Elon Musk and star stock picker Cathie Wood say it is.


The original crypto asset bounced around this month as influencers weighed in. Bitcoin shot to a record high after Tesla revealed that the electric car company had converted $1.5 billion of its cash holdings into it.

Then bitcoin got sucked into a downdraft when Tesla chief Musk suggested prices “seem high.” Prices lurched upward again after Wood, the investing rockstar and founder of ARK Investment Management, told Bloomberg she was “very positive” on bitcoin and glad to see a price correction.

Wood’s interview came after Square said it bought $170 million worth of bitcoin this month, and reported that about half of its revenue last quarter came from bitcoin.



Why bother inventing, manufacturing, investing into your company when all one needs to do is to hold BITCOIN on your books. Forget capital expenditures, just buy BITCOIN...

https://qz.com/1976523/bitcoin-price...d-cathie-wood/

[piolaxo]

I didn't quite get why Musk said that the price "seemed high" if he had already bought
at a lower price...! It kind of kills your own investment given that his voice is always so
influential. On the other hand, if that comment came before the investment, it would
have been like inside trading, so in that scenario, better don't say anything, the action
(of buying) spoke volumes.

[PHC1]

Originally Posted by piolaxo

I didn't quite get why Musk said that the price "seemed high" if he had already bought
at a lower price...! It kind of kills your own investment given that his voice is always so
influential. On the other hand, if that comment came before the investment, it would
have been like inside trading, so in that scenario, better don't say anything, the action
(of buying) spoke volumes.

Who knows why he says the things he says... Remember when he said Tesla stock was too high and it tanked? Of course it still went up from around 450 to 900 after that... Maybe he is using "reverse psychology"...