Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
Cconvert2G36
on 15/08/2015, 01:36:05 UTC
Quote
Think of it like this : if the 1% of the world's population who apparently controls around 40% of the world's wealth moved that money into Bitcoin it would do more to strengthen & grow the ecosystem than if 25% of the other people on earth invested all of their savings.

Chew on this one for a bit and see what comes out of it when you're done. It's not exactly a viewpoint but pretty much matter of fact.

 Wink


I did, seems idealistic, imitating people that divide the market cap of gold by the number of bitcoins. The few top 1% wealth owners I've met seem highly unlikely to convert their entire net worth to private keys, storing m of n in various places, subject to destruction, theft, and system collapse with zero recourse.

"Large streams from little fountains flow, Tall oaks from little acorns grow."  Grin