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Bitcoin valuation and purpose

Published: Saturday, December 15, 2018 written by Drew Jackson
View Count: 109
Keywords: bitcoin, wells fargo, finance, us treasury



I was answering a survey on / . about bitcoin and it made me think of all the things we have to look forward to in 2019 and beyond.. if 40% of the folks believe Bitcoin is under $1000, why is Wells Fargo stock price where it is today? Is bitcoin to be a true currency or a finance commodity like pork, corn, soybeans, coffee, and precious minerals. Odd way to look at the future.
 
think about the auto industry back in the early 1900s; the accordion effect; a birth, expansion, collapse and settle to the big 3.. think about the US dollar in the 1700s, 1800s... in the form a measure of value -- ergo what is a cubit (not Bill Cosby's humorous version of Noah funny... https://www.youtube.com/watch?v=bputeFGXEjA   )..
 
back to bitcoin, i believe we need something for the 23rd century instead of monopoly money... 
 
https://slashdot.org/pollBooth.pl
 

Where will the price of Bitcoin be at the end of the first half of 2019?

You've voted. Survey results are:
Below $1,000  5572 votes / 40%
Between $1,000 - 4,000 5061 votes / 36% 
Between $4,000 - 7,000  1494 votes   10%
Between $7,000 - 10,000 607  votes / 4%
Between $10,000 - 15,000260 votes / 1%
Between $15,000 - $20,000 123 votes / 0%
Above $20,000 805 votes / 5%
 
 
 
 

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