Post
Topic
Board Economics
Re: Have people become wealthy before, like with bitcoin?
by
bryant.coleman
on 06/06/2014, 13:59:02 UTC
So what happens to the world if millions of millionaires are created all of a sudden?

It has happened many times in the past. I will give you some examples.

1. In 1989, the DELL stock was going at $0.10. By 2000, it had increased to $55.1, which corresponds to some 550x increase.
2. Similarly, the MICROSOFT stock was going at $0.10 in 1987. By 1999, it had increased to $50.
3. The CISCO stock had increased to $64 in 1999, from just $0.08 in 1991.