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GC's take on Bitcoin
| angry fighting death wish | 11/21/17 |
| soul-stirring drab striped hyena | 11/21/17 |
| Twinkling stage | 11/22/17 |
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Date: November 21st, 2017 6:32 PM Author: angry fighting death wish 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 |
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Date: November 21st, 2017 6:33 PM Author: soul-stirring drab striped hyena looks like someone didnt buy enough on the dip (http://www.autoadmit.com/thread.php?thread_id=3805138&forum_id=7#34743106) |
Date: November 22nd, 2017 12:40 AM Author: Twinkling stage 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. |