Bitcoin’s price rises to $50,000 as mainstream institutions hop on

[space-time]

https://arstechnica.com/tech-policy/2021...ns-hop-on/

https://www.coindesk.com/price/bitcoin

[anonymouse1]

Fck bitcoin

[SteveG]

Finally Monsieur, a wafer-thin mint?

[Z]

Wasting more power than Argentina doing bitcoin math. :RollingEyesSmiley5:

[pdq]

Sorry. Not going to jump on this train.

Bitcoin is valuable because...it’s a more stable store of value?

As one commenter noted, during the Dutch tulip mania, at least they had tulips at the end.

:RollingEyesSmiley5:

[Carnos Jax]

Supposedly it’s valuable because it’s rare (like money and gold).

I got in on it back when it was around $4K. But I didn’t understand it fully then or now, so I only invested a speculative amount (maybe 5% of my portfolio....that’s how much I was willing to risk losing if it went south).

There is still risk that crypto’s can be banned by governments.

[sekker]

The worst decision I ever made was to ignore the entire blockchain launch more than a decade ago.

I had info, could have had 1000 or more bitcoins now.

Had no idea what they would be good for - still not sure. But I doubt I would have held onto them until they became worth $50k each.

[Carnos Jax]

What little research I did indicates that (or is my expectation) it could go to anywhere from a few hundred thousand per bitcoin to 1 million or so. I’m in it for the long game. At the time I bought in I looked at it as not having much downside, but a heck of an upside.