3 ms·
Let's consider Bitcoin. You haven't missed the boat to 10x-100x your investment, but you have missed the boat to 100x-10000x your investment. This is because i
by georgewsinger 9y ago
Let's consider Bitcoin. You haven't missed the boat to 10x-100x your investment, but you have missed the boat to 100x-10000x your investment.
This is because if Bitcoin manages to replace even 10% of all storage assets (or even further replaces 10% of all exchange mediums), then there is still ample room for it to 10x-100x in value from its current price. From an expected value standpoint, it's roughly rational to invest in Bitcoin if you think there's a 5% chance or greater chance it will "dominate the world" like this.