Loading ...Bitcoin is the new, shiny object on the seen and to me its’ performance is pretty unbelievable. I get that there are only 21 Million Bitcoins to be found, therefore the price?
But then, there are only so many Tom Brady and Mickey Mantle Rookie cards that are in perfect condition as well, although I did see that a Tom Brady sold for over a million bucks – not sure if it was autographed, and a Mickey Mantle sold for multi-millions – not autographed.
Is that how we value things now? If so, then how do we value the dollar and US Treasuries with trillions of them available?
How do they have any value at all?
Gold takes blood, sweat, tears, and sometimes death to unearth, and what is its value relative to dollars or treasuries?