RE: Bitcoin, Gold, Yachts, & Snickers Bars

This about says it all – and we are still in the early days!

“Then, yesterday, perhaps annoyed by Peter Schiff’s non-stop mocking of Bitcoin (or as Woo called it, ‘tireless promotion of Bitcoin to his audience of gold bugs’), he published a live chart that tracks the performance of gold vs Bitcoin in the case of a $1 investment made on 6 October 2009 (the day when ‘Bitcoin first had a market price).

Woo then used a snapshot of this chart in a tweet to explain that if you had invested $1 in Bitcoin back on that date, your investment today would be worth $12.8 million, meaning that you would have enough money now to buy a nice yacht, whereas if you had invested the same $1 amount in gold, you would now have $1.66, which is how much he says it costs to buy a Snickers chocolate bar in the U.S.”

SavannahBTC Master Asked on June 10, 2020 in Bitcoin.
Add Comment
1 Answers

Classic…!!! If you can eat a Snickers when you’re not feeling yourself and end up feelin great, just imagine what hodl’ing some Bitcoin will do for you!

Master Answered on June 10, 2020.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.