Don't the Winkelvii have large Bitcoin holdings, whose value they presumably wish to drive upwards? Sorry, but I think this is a case of a market remaining irrational for longer than some people can remain solvent. I don't intend to waste money betting against it, but I'm not impressed. A couple of years ago people were predicting the price of gold was headed for the stars too, and a lot of them have lost money since.
depends how far you go back on gold prices, 50 years ago buying into gold was a great idea. 10 years ago, maybe not so much, bitcoin is currently at the very early stages so buying in now could be considered cheap in 10 years time.
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Don't the Winkelvii have large Bitcoin holdings, whose value they presumably wish to drive upwards? Sorry, but I think this is a case of a market remaining irrational for longer than some people can remain solvent. I don't intend to waste money betting against it, but I'm not impressed. A couple of years ago people were predicting the price of gold was headed for the stars too, and a lot of them have lost money since.
depends how far you go back on gold prices, 50 years ago buying into gold was a great idea. 10 years ago, maybe not so much, bitcoin is currently at the very early stages so buying in now could be considered cheap in 10 years time.
Buying into stocks 50 years ago was also a good idea, though.