Bitcoin has pushed through the $US100,000 barrier for the first time, while the Australian currency languishes near seven-month lows and the ASX ekes out modest gains. Here's how the day's trade unfolded, with insights from our business reporters, on the ABC News markets blog.
And you notice how they are buying. They are not “buying” with seashells nor if they go to sell will they accept seashells.
They’re just doing it in leiu of Gold, which is what Russia and China do… Who do you think is buying our Gold? Albeit Gokd makes even less sense then bitcoin.
I own small amounts of Etherium and Ripple and have owned bitcoin in the past. I can see use cases for both but as Howard Marks suggests being far ahead of the curve is really no differnt to being wrong.