Overall said the returns should come down across the board, in all markets.
In btc he was a big fan of the underlying technology, blockchain, distributed ledger, but not so much on the coin itself.
For those reasons he said vanguard would never offer a bitcoin fund.
Not because it was bad or a fraud but because it had no earnings or cash flow. He also said they don't have gold funds.
There you go another comparison to gold.
That's fine with me if bitcoin is "only" ever a store of value compared to gold.
We hit $25k minimum if that is the use case.
Nice job bro
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Tim Buckley might not be a big fan of Bitcoin but there are whole lot of people who are a big fan of the coin. It has a true backing from the people that other coins could only dream off. Many people treat it as an investment medium and it has made a fair share of millionaires at a shorter time.
People like him just could not come to terms with how a people's coin had grown to such great proportions and made lot of people wealthy. This is exactly what the banks, financial institutions and the government do not want.
The banks and the government seem to be on a joint coalition against the Bticoin and trying their very best to destroy it. No wonder they put a lot of effort in publishing negative and fake news about Bitcoin. Shrugging away the advantages and blowing up the minor disadvantages in the hope of bringing it down.
Bitcoin has been a tremendous source of great returns for people who know when to jump in and when to take profit. Is this not a great value add?
Upvoted and following you.
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