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GC's take on Bitcoin

JPMorgan Chase & Co. chief Jamie Dimon has said anyone w...
Brindle really tough guy
  11/21/17
looks like someone didnt buy enough on the dip
cruel-hearted opaque set
  11/21/17
http://voxeu.org/article/shadow-economies-around-world-model...
Bespoke stag film faggot firefighter
  11/22/17


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Date: November 21st, 2017 6:32 PM
Author: Brindle really tough guy

JPMorgan Chase & Co. chief Jamie Dimon has said anyone who buys bitcoin is "stupid" and will pay the price, while Neil Dwane of Allianz Global Investors said it’s a "scam for criminals around the world," and Larry Fink of BlackRock Inc. said it’s an index to gauge the demand for laundering money around the world.

https://www.bloomberg.com/news/articles/2017-11-21/mike-novogratz-says-bitcoin-will-end-the-year-at-10-000

(http://www.autoadmit.com/thread.php?thread_id=3805138&forum_id=7#34743097)



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Date: November 21st, 2017 6:33 PM
Author: cruel-hearted opaque set

looks like someone didnt buy enough on the dip

(http://www.autoadmit.com/thread.php?thread_id=3805138&forum_id=7#34743106)



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Date: November 22nd, 2017 12:40 AM
Author: Bespoke stag film faggot firefighter

http://voxeu.org/article/shadow-economies-around-world-model-based-estimates

GDP-weighted shadow economy as percentage of GDP: Mean 22.67%

https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html

World GDP: $120.2 trillion (2016 est.)

If Bitcoin's market cap reaches the entirety of the global shadow economy (excluding all of its value from non-shadow uses), Bitcoin's market cap would therefore be $27.2 trillion. Potential for its current $0.136 trillion cap to increase 200x.

(http://www.autoadmit.com/thread.php?thread_id=3805138&forum_id=7#34745896)