The stock market is certainly not zero sum.
Bitcoin provides very little value outside speculation, not zero, but very little. That is the difference.
Bitcoin provides very little value outside speculation, not zero, but very little. That is the difference.
It remains to be seen how resistant Bitcoin is if powerful governments really decide to take it down.
Bitcoin and Blockchain is an interesting project but 1 BTC > 50k USD... Yeah, sure...
> Bitcoin and Blockchain is an interesting project but 1 BTC > 50k USD... Yeah, sure...
Bitcoin could conceivably become the next global reserve currency, 50k USD is horribly undervalued from that PoV.
> Why do you care so much about predictable supply if the price is anything but predictable?
Because the price will go higher. When the price goes over $x MM per BTC it will be very predictable.
> How is such high volatility commodity a good storage of value?
It stores more value than any other commodity. When the stock market started in 1920s it was no less volatile than Bitcoin. Volatility is a sign of disruption as much as it is a sign of value.
> 1 BTC > 50k USD... Yeah, sure...
If only you could see the data I'm seeing.
The stock market was never meant to be a way to store value but a public tool to finance and own projects that actually produce economic value. Comparing it to the bitcoin market is a false equivalence.
But best of luck for your investments.
To find something on a similiar scale to bitcoin you might actually need to go back to the 18th or 17th centuries (see the “South Sea Bubble” or the “Tulip Mania”).