counterparts the equivalent of 200,000 on Thursday when the price of bitcoin was trading at 19,000 that would be roughly.53 bitcoin. Essentially, in the mid-term, bitcoin and Ethereum will be competing with their two-layer scaling solutions Lightning and Plasma, with bitcoin focused on processing payments on the blockchain while Ethereum continues to work on building its smart contract protocol to securely process a significant chunk. As long as you can afford to lose everything you put into it, go with. O'Leary decided he didn't want to take on the risk of the value drastically changing either. But does bitcoin have any rationality behind it whatsoever? I don't think there's any question that a month and a half ago we saw the high made in bitcoin.
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"The whole idea of bitcoin as a currency is you don't have to do any of that O'Leary says. Sure, maybe bitcoin supply can't be increased, but there are now over 100 other cryptocurrencies, which effectively increases the supply of cryptocurrencies. O'Leary says bitcoin lacks that quality. And quite honestly, if you really think that bitcoin, once its last bit has been mined, is not going to reopen for further increases in supply, you're nave; of course it will.
Wonderful, said during his cnbc interview that the dialogue has changed over the past two months, in a drastic manner, and optimism around Ethereum, the second most valuable cryptocurrency behind bitcoin, has begun to intensify. "I have no idea what its value is, and neither does anybody else he says. In the final analysis, he concluded, Bitcoin may go up or down, and so its more of a gamble than an investment. For the millennials, bitcoin makes sense to them. To answer that question, m asked three investing legends for their take on this controversial topic. Once all that price discovery came into it, along with more liquidity, it would be safer. Bitcoin's rapid ascent has brought with it a spectrum of opinions about whether this asset is the real deal.