“Personally I’m very skeptical of bitcoin, I know where the price action is. It’s, you know, going up about 10% a day at this point. Although bitcoin could go up to 20,000, it can go to 30,000. It’s on it’s way to zero — somewhere between zero and 200. It’s a utility token for criminals, terrorists, money launderers, tax evaders — they’ll always find some use for it.”
From Economist Jim Rickards on gold versus bitcoin — intrinsic value is meaningless for both but the bitcoin prices aren't real | BitcoinObituaries.com
https://99bitcoins.com/bitcoin-obituaries/2017/economist-jim-rickards-bitcoin-versus-gold-price-manipulation/
The price is about the same as it was 3 years ago, but hashrate is up over 300%. It’s just a matter of time before price follows.
#NostrOnly
#BitcoinOnly
#Uptober
https://m.primal.net/LRpi.jpg
Great episode Dr Jeff. Interestingly, your $450k-ish top call by next Halloween aligns closely with the power law on that day. Do you take the power law predication into account or is that just coincidence?
Notes by TEB2048 | export