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IPFS News Link • Bitcoin

DO THE MATH: Here's the rational analysis why 99% of current Bitcoin owners will...

• http://www.naturalnews.com

(Natural News) Disclaimer: I am pro-Bitcoin and pro crypto-currency. For 15 years, I have publicly and repeatedly criticized the central banks, fiat currency systems and the systematic theft of purchasing power from the People by corrupt banking cartels. This is not a hit piece on Bitcoin but rather a rational analysis of why the current Bitcoin BUBBLE is dangerous for novice investors as well as the long-term reputation of the Bitcoin crypto currency. I have mined a few Bitcoins over the last two years. I now hold just 0.25 Bitcoins in total, having just traded almost my entire Bitcoin wallet for physical gold. (Yes, somebody gave me GOLD in exchange for a virtual wallet. Seriously.) Why did I do that? Because I can do math. Here's what I discovered:

# of Bitcoins currently in circulation: Roughly 16,350,000

Current Bitcoin price vs. the USD: Roughly $2500


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