Thread starter! What a time to be alive: during the early days of Bitcoin and A.I., the two greatest investment opportunities in history. Of course, to partake you have to put your money down eh...
Let's sit back and enjoy the Bitcoin ride to US$100k !
Quote from: Azz on Mar 22, 2024, 07:33 PMThread starter! What a time to be alive: during the early days of Bitcoin and A.I., the two greatest investment opportunities in history. Of course, to partake you have to put your money down eh...
Let's sit back and enjoy the Bitcoin ride to US$100k !
No thanks I like to buy things that actually exist in the physical world, Bitcoin is a classic example of human stupidity but for those that want to buy valueless bits of computer data with an imaginary value then be my guest.
Bitcoin cash is interesting, it's a fork off the Bitcoin blockchain and its halving will be about 3rd April 2024. This may give some insight into what Bitcoin is going to do when it halves.
Quote from: THESTG on Mar 25, 2024, 04:48 PMBitcoin cash is interesting, it's a fork off the Bitcoin blockchain and its halving will be about 3rd April 2024. This may give some insight into what Bitcoin is going to do when it halves.
Hard to believe people discussing digital tokens without any underlying value in an investor forum.
Whatever your "coin" of choice - any Computer science student can create an infinit amount of other "coins", they don't make any money, they don't have any underlying value and the only thing holding their price up is human stupidity (aka hype). Works as long as you find a larger fool.
Any chance we keep this nonsense out of "commodities and forex" - digital tokens are neither a commodity (which is stuff people need to produce something useful) nor a forex.
If you really need another rabbit hole to discuss this non sense, maybe create a thread "gambling". This is where this "discussion" belongs.
Quote from: BlackPeter on Mar 25, 2024, 05:00 PMHard to believe people discussing digital tokens without any underlying value in an investor forum.
Whatever your "coin" of choice - any Computer science student can create an infinit amount of other "coins", they don't make any money, they don't have any underlying value and the only thing holding their price up is human stupidity (aka hype). Works as long as you find a larger fool.
Any chance we keep this nonsense out of "commodities and forex" - digital tokens are neither a commodity (which is stuff people need to produce something useful) nor a forex.
If you really need another rabbit hole to discuss this non sense, maybe create a thread "gambling". This is where this "discussion" belongs.
Well could have been worse if it has been put under the investing thread. As as aside the stock market is the world's biggest casino so it all comes under 'gambling in essence.
I don't think it is worth creating a separate crypto category so I am happy with it coming under commodities and forex.
Quote from: BlackPeter on Mar 25, 2024, 05:00 PMHard to believe people discussing digital tokens without any underlying value in an investor forum.
Whatever your "coin" of choice - any Computer science student can create an infinit amount of other "coins", they don't make any money, they don't have any underlying value and the only thing holding their price up is human stupidity (aka hype). Works as long as you find a larger fool.
Any chance we keep this nonsense out of "commodities and forex" - digital tokens are neither a commodity (which is stuff people need to produce something useful) nor a forex.
If you really need another rabbit hole to discuss this non sense, maybe create a thread "gambling". This is where this "discussion" belongs.
This is an investment:
* Action...: Entity_A pays "amount" to Entity_B to receive in return ownership of "thing"; where "thing" can be anything - Bitcoin, US equities, gold in a vault, premium whisky, a classic Ferrari, even shares in a portfolio-destroying NZ RV (losing investments are still investments; they're just bad ones).
* Goal...: Over time, "thing" hopefully increases in value by a gain on the capital itself and possibly with a return on that capital as well.
That's it. Nothing more. Nothing less. The key is for the investment to get bigger, as opposed to smaller. Bitcoin: bigger, very very very bigger. In fact bigger than any other investment of the last 15 years. Bitcoin: the very best investment. Numero uno. No wiggle room here for argument. Bitcoin has huge liquidity, numerous exchanges, a recognized spot price (currently US$70,000), many financial instruments (including BlackRock's Bitcoin ETF, which just crossed US$17.5 billion in BTC under management), and a truly magnificent market cap (currently US$1.3 trillion, and about to overtake silver). You can say Bitcoin is worth nothing as much as you like, but it's clearly not true; it's also completely irrelevant - it's you vs US$1.3 trillion of market cap... good luck with that.
I actually find incredibly rude and distasteful your comments in this thread, the pinnacle of which is you trying to have the thread deleted or placed into a category of your choosing. I don't mind negative views on any asset I'm in, but you're trying to bully your way through this community as if you own the place.
Quote from: Breezy on Mar 23, 2024, 04:24 PMNo thanks I like to buy things that actually exist in the physical world, Bitcoin is a classic example of human stupidity but for those that want to buy valueless bits of computer data with an imaginary value then be my guest.
I don't think people who understand Bitcoin and have invested in it and made fortunes are stupid at all. I have a hunch they might be the opposite of stupid.
But you also wrote this:
Quote from: Breezy on Mar 25, 2024, 05:31 PMAs as aside the stock market is the world's biggest casino so it all comes under 'gambling in essence.
...which is all sorts of awesome, and I agree!
Quote from: Azz on Mar 30, 2024, 04:37 PMThis is an investment:
* Action...: Entity_A pays "amount" to Entity_B to receive in return ownership of "thing"; where "thing" can be anything - Bitcoin, US equities, gold in a vault, premium whisky, a classic Ferrari, even shares in a portfolio-destroying NZ RV (losing investments are still investments; they're just bad ones).
* Goal...: Over time, "thing" hopefully increases in value by a gain on the capital itself and possibly with a return on that capital as well.
That's it. Nothing more. Nothing less. The key is for the investment to get bigger, as opposed to smaller. Bitcoin: bigger, very very very bigger. In fact bigger than any other investment of the last 15 years. Bitcoin: the very best investment. Numero uno. No wiggle room here for argument. Bitcoin has huge liquidity, numerous exchanges, a recognized spot price (currently US$70,000), many financial instruments (including BlackRock's Bitcoin ETF, which just crossed US$17.5 billion in BTC under management), and a truly magnificent market cap (currently US$1.3 trillion, and about to overtake silver). You can say Bitcoin is worth nothing as much as you like, but it's clearly not true; it's also completely irrelevant - it's you vs US$1.3 trillion of market cap... good luck with that.
I actually find incredibly rude and distasteful your comments in this thread, the pinnacle of which is you trying to have the thread deleted or placed into a category of your choosing. I don't mind negative views on any asset I'm in, but you're trying to bully your way through this community as if you own the place.
Bitcoin and other crypto currencies have a price which can continue to increase but it has zero intrinsic value as its not a physical asset or linked to an entity that owns physical assetts. If I buy Gold I can see/touch and feel my asset, I can keep that Gold for 20yrs and it will still have value and whats more it has stable value which can be relied on and has stood the test of time but each to their own. PS- My wife has some Bitcoin and some Gold, im just a Silver peasant.
Quote from: Breezy on Mar 30, 2024, 08:51 PMBitcoin and other crypto currencies have a price which can continue to increase but it has zero intrinsic value as its not a physical asset or linked to an entity that owns physical assetts. If I buy Gold I can see/touch and feel my asset, I can keep that Gold for 20yrs and it will still have value and whats more it has stable value which can be relied on and has stood the test of time but each to their own. PS- My wife has some Bitcoin and some Gold, im just a Silver peasant.
It sounds like your wife is the smart one. :-)
Quote from: Azz on Mar 30, 2024, 04:37 PMThis is an investment:
* Action...: Entity_A pays "amount" to Entity_B to receive in return ownership of "thing"; where "thing" can be anything - Bitcoin, US equities, gold in a vault, premium whisky, a classic Ferrari, even shares in a portfolio-destroying NZ RV (losing investments are still investments; they're just bad ones).
* Goal...: Over time, "thing" hopefully increases in value by a gain on the capital itself and possibly with a return on that capital as well.
That's it. Nothing more. Nothing less. The key is for the investment to get bigger, as opposed to smaller. Bitcoin: bigger, very very very bigger. In fact bigger than any other investment of the last 15 years. Bitcoin: the very best investment. Numero uno. No wiggle room here for argument. Bitcoin has huge liquidity, numerous exchanges, a recognized spot price (currently US$70,000), many financial instruments (including BlackRock's Bitcoin ETF, which just crossed US$17.5 billion in BTC under management), and a truly magnificent market cap (currently US$1.3 trillion, and about to overtake silver). You can say Bitcoin is worth nothing as much as you like, but it's clearly not true; it's also completely irrelevant - it's you vs US$1.3 trillion of market cap... good luck with that.
I actually find incredibly rude and distasteful your comments in this thread, the pinnacle of which is you trying to have the thread deleted or placed into a category of your choosing. I don't mind negative views on any asset I'm in, but you're trying to bully your way through this community as if you own the place.
The best definition of investment is this, "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative."
Bitcoin promises neither safety of principle nor an adequate return and is therefore speculative.
Quote from: ValueNZ on Apr 06, 2024, 03:00 PMThe best definition of investment is this, "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative."
Bitcoin promises neither safety of principle nor an adequate return and is therefore speculative.
You can
say whatever you want; but the reality is you're up against Bitcoin's US$1.3 trillion of market cap.
Quote from: Azz on Apr 06, 2024, 03:07 PMYou can say whatever you want; but the reality is you're up against Bitcoin's US$1.3 trillion of market cap.
Huh? I'm not up against anything crypto... No short position here.
Quote from: Azz on Apr 06, 2024, 03:07 PMYou can say whatever you want; but the reality is you're up against Bitcoin's US$1.3 trillion of market cap.
Which is five times bigger than NZ's GDP of US$243 billion.
Quote from: ValueNZ on Apr 06, 2024, 03:11 PMHuh? I'm not up against anything crypto... No short position here.
Your
opinion of what an investment is, and whether Bitcoin is one, is statistically meaningless compared to Bitcoin's market cap.
Quote from: Azz on Apr 06, 2024, 03:14 PMYour opinion of what an investment is, and whether Bitcoin is one, is statistically meaningless compared to Bitcoin's market cap.
The market cap of something doesn't determine whether it's speculative or an investment lol.
Quote from: ValueNZ on Apr 06, 2024, 03:17 PMThe market cap of something doesn't determine whether it's speculative or an investment lol.
It proves delusional statements are just that: delusional.
-----------------
What Is an Investment?
An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.
An investment always concerns the outlay of some resource today—time, effort, money, or an asset—in hopes of a greater payoff in the future than what was originally put in. For example, an investor may purchase a monetary asset now with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
An investment involves putting capital to use today in order to increase its value over time.
An investment requires putting capital to work, in the form of time, money, effort, etc., in hopes of a greater payoff in the future than what was originally put in.
An investment can refer to any medium or mechanism used for generating future income, including bonds, stocks, real estate property, or alternative investments.
Investments usually do not come with guarantees of appreciation; it is possible to end up with less money than with what you started.
Investments can be diversified to reduce risk, though this may reduce the amount of earning potential.
[The definition then goes on to describe various types of investments, including cryptocurrency.]
https://www.investopedia.com/terms/i/investment.asp
-----------------
Quote from: Azz on Apr 06, 2024, 03:20 PM-----------------
What Is an Investment?
An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.
An investment always concerns the outlay of some resource today—time, effort, money, or an asset—in hopes of a greater payoff in the future than what was originally put in. For example, an investor may purchase a monetary asset now with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
An investment involves putting capital to use today in order to increase its value over time.
An investment requires putting capital to work, in the form of time, money, effort, etc., in hopes of a greater payoff in the future than what was originally put in.
An investment can refer to any medium or mechanism used for generating future income, including bonds, stocks, real estate property, or alternative investments.
Investments usually do not come with guarantees of appreciation; it is possible to end up with less money than with what you started.
Investments can be diversified to reduce risk, though this may reduce the amount of earning potential.
[The definition then goes on to describe various types of investments, including cryptocurrency.]
https://www.investopedia.com/terms/i/investment.asp
-----------------
Who has a better definition, Benjamin Graham one of the greatest investors to ever have lived, or some Investopedia article? Lmao
Quote from: ValueNZ on Apr 06, 2024, 03:23 PMWho has a better definition, Benjamin Graham one of the greatest investors to ever have lived, or some Investopedia article? Lmao
Do you know how many holders of Bitcoin consider it not to be an investment? None.
There is a direct relationship between not holding Bitcoin and hating Bitcoin.
Quote from: Azz on Apr 06, 2024, 03:27 PMDo you know how many holders of Bitcoin consider it not to be an investment? None.
There is a direct relationship between not holding Bitcoin and hating Bitcoin.
That's because holders of Bitcoin don't understand the difference between speculation and investment, and that the returns of productive assets will smash the returns of nonproductive assets over the long run. If they did they wouldn't be holding bitcoin.
ValueNZ, you have an "absolutist" approach. Which only works if the tenets you believe are fully real and to the exclusion of all other approaches. At what point do you admit that you have been led up the garden path?
Quote from: ValueNZ on Apr 06, 2024, 03:33 PMThat's because holders of Bitcoin don't understand the difference between speculation and investment, and that the returns of productive assets will smash the returns of nonproductive assets over the long run. If they did they wouldn't be holding bitcoin.
Bitcoin has been around 15 years. During that time, many fortunes have been made. It's the best investment of those 15 years. Nothing comes close. This is empirical fact.
You're obsessing over words. "Speculation", "investment", "productive assets". I focus on the real world - and actual, real returns.
Quote from: Azz on Apr 06, 2024, 03:36 PMBitcoin has been around 15 years. During that time, many fortunes have been made. It's the best investment of those 15 years. Nothing comes close. This is empirical fact.
You're obsessing over words. "Speculation", "investment", "productive assets". I focus on the real world - and actual, real returns.
These words matter, how you generate returns actually matters immensely. Because we are investing for our entire lives, you need to consider more than just the monthly, or yearly short-term outcomes and figure out what works over the long run. My "obsession" with words is really just an obsession with the process of investing for the long run.
Quote from: ValueNZ on Apr 06, 2024, 03:46 PMThese words matter, how you generate returns actually matters immensely. Because we are investing for our entire lives, you need to consider more than just the monthly, or yearly short-term outcomes and figure out what works over the long run. My "obsession" with words is really just an obsession with the process of investing for the long run.
Well, good luck, hope it works out for you. But your "system" is not currently corresponding to the real world for Bitcoin, Nvidia, or OCA.
Quote from: ValueNZ on Apr 06, 2024, 03:46 PMMy "obsession" with words is really just an obsession with the process of investing for the long run.
The "long run"? Wondering, how do you define that? Your beloved Oceania Healthcare listed on the NZX on 5 May 2017, for the princely sum of
79 NZ cents per share. On that day, Bitcoin was trading for around
US$1,550. Fast forward to today! OCA is worth
66 NZ cents; Bitcoin is worth
US$71,900. How do they compare as investments? An ability to do basic mathematics will help here. And the childish response "Bitcoin is not an investment" doesn't get you or anyone else of like mind out of jail free. It's exceedingly interesting to me such a stark comparison as I've made in this post; essentially how NZ capital has been misallocated because of the pervasive, suffocating, ultra-conservative, and somewhat grey-matter-challenged outlook on the "rules" of investment.
Quote from: Azz on Apr 09, 2024, 11:39 AMThe "long run"? Wondering, how do you define that? Your beloved Oceania Healthcare listed on the NZX on 5 May 2017, for the princely sum of 79 NZ cents per share. On that day, Bitcoin was trading for around US$1,550. Fast forward to today! OCA is worth 66 NZ cents; Bitcoin is worth US$71,900. How do they compare as investments? An ability to do basic mathematics will help here. And the childish response "Bitcoin is not an investment" doesn't get you or anyone else of like mind out of jail free. It's exceedingly interesting to me such a stark comparison as I've made in this post; essentially how NZ capital has been misallocated because of the pervasive, suffocating, ultra-conservative, and somewhat grey-matter-challenged outlook on the "rules" of investment.
Well yes you can make mountains of dosh out of many things if you get lucky, even Pokémon cards and items are now coming into their own with some fetching eye watering prices, think I've got a few quite old ones hidden away so better start searching. Bitcoin has done very well and has been a great punt for those that like buying electronic pieces of data floating around somewhere unseen.
Quote from: Breezy on Apr 09, 2024, 12:16 PMWell yes you can make mountains of dosh out of many things if you get lucky,
At a certain point, during 15 years of obvious growth in the asset that is Bitcoin and investing in it, luck can be taken out of the equation.
Quote from: Breezy on Apr 09, 2024, 12:16 PMeven Pokémon cards and items are now coming into their own with some fetching eye watering prices, think I've got a few quite old ones hidden away so better start searching.
Sure, and I have no problem with that, you go find them! But you can't compare Pokemon cards with the US$1.3 trillion which is the Bitcoin market cap. You also can't compare the two in a number of other ways - for instance, Pokemon cards are not easily divisible and transferable over the internet.
Quote from: Breezy on Apr 09, 2024, 12:16 PMBitcoin has done very well and has been a great punt for those that like buying electronic pieces of data floating around somewhere unseen.
What do you think, for example, Netflix is? What about phone apps? Do phone apps get delivered to you by courier? You've got something stuck in your head which doesn't line up with reality. It's like if you preferred candles over electricity: "Candles are real. I can't see electricity so what a load of rubbish that electricity stuff is."
Both candles and electricity are real and electricity can be seen under certain circumstances unlike Bitcoin which can never be seen because it doesn't exist in any physical sense whatsoever.
Quote from: Breezy on Apr 09, 2024, 01:49 PMBoth candles and electricity are real and electricity can be seen under certain circumstances unlike Bitcoin which can never be seen because it doesn't exist in any physical sense whatsoever.
Bitcoin exists/can exist in a "physical" sense in two separate ways.
1) On a computer which is a "physical" object, specifically within forms of memory (each of which is a "physical" object).
2) The keys can be printed out onto "physical" paper.
This argument has become a bit abstracted away from the thread topic. I have tidied up off topic posts. Please, no more debates about bitcoin as a concept.
Good article in the Nasdaq today about the fact that both bulls and bears doubt it will ever become a useful currency but rather more like digital gold as a store of value. I reckon if I had to choose between the 2 it would be physical gold all day long, a nice slab of gold that you can touch and feel seems infinitely more attractive to me than a cold cyber signature floating around somewhere that I cant get my hands on.
Quote from: Breezy on Apr 10, 2024, 09:18 AMGood article in the Nasdaq today about the fact that both bulls and bears doubt it will ever become a useful currency but rather more like digital gold as a store of value. I reckon if I had to choose between the 2 it would be physical gold all day long, a nice slab of gold that you can touch and feel seems infinitely more attractive to me than a cold cyber signature floating around somewhere that I cant get my hands on.
Rome wasn't built in a day. If you research the price data for Bitcoin, from inception until now, you will see that each year's High and Low have become closer together - in other words, over time, it is reaching useful stability. Re the nice slab of gold, I agree, it's lovely stuff - but it's not very useful for sending over the internet which is how things are done these days.
Bitcoin halves its per-block issuance 20 April, from 6.25 to 3.125. In other words, newly mined supply is halved. This is a positive-nature event if demand stays the same or increases.
It's having some sell-off.Don't know why? Fell towards $60000.Curently below $ 64000.
Quote from: Mr Cashflow on Apr 14, 2024, 01:16 PMIt's having some sell-off.Don't know why? Fell towards $60000.Curently below $ 64000.
I think the overall trend will continue - ie, up.
Nice bounce to US$66,000. And not far off the ATH of US$73,800.
My price prediction for the next four years is the following.
* During 2024/2025 tops at new ATH of US$165,000, then
* during 2025/2026/2027 drops to low of US$95,000, then
* continues onwards and upwards toward a new ATH.
Quote from: Azz on Apr 10, 2024, 05:28 PMBitcoin halves its per-block issuance 20 April, from 6.25 to 3.125. In other words, newly mined supply is halved. This is a positive-nature event if demand stays the same or increases.
"Analysts at Bitfinex estimate that the new BTC supply added to the market could drop to $30 million per day, amounting to less than five times the average daily inflows into the spot-based ETFs."
https://www.coindesk.com/markets/2024/04/23/bitcoins-post-halving-demand-to-be-5x-greater-than-supply-bitfinex-estimates/
Investment?
words .... bitcoin.... its almost meaningless ... its worth?
really it reminds one of the advent of the german https://www.nsa.gov/portals/75/documents/about/cryptologic-heritage/historical-figures-publications/publications/wwii/german_cipher.pdf
why?
maths ... combinations of technology ...
being used by humans for some means to an end....
Today you cant for example buy a digital vault at a bank...
your transactions cant be ID's at a bank using a cipher...
your transactions arnt secure in that your digital vault has no security certificate...
while the banking system is a show box paper based data base ... or feels like it...
Bitcoin will survive and its proof of work Derivatives...
Its not going away as it can used for things that a bank account cannot...
it like saying cash will go away or Gold Bars will go away...
As to it values that is simple demand and supply for what ever purpose individual find for it...
https://cointelegraph.com/learn/a-beginners-guide-to-blockchain-apis
Some AI LLM's are using BC to allow roll backs of models ......
Amazing the uses being found for this tech stuff...
but really one would have thought that fully distributed BC would be better with requests being made from the network to the clients as this would allow for greater security...
but them dont know much about it except who wants their datat on the central server anyway unless its requested and you grant it and for its lifetime that you allows....
Imagine the results of that... all your on line data centre software providers like say (Xero and others who steal your data) would suddenly have a very big problem on their hands...
Image you have an AI controller that stores your data where you want it and no one gets it unless you let them...
Better than block chain and probably the death of how bitcoin works at present...
Holy hell! Bitcoin just went up a thousand US in ten minutes lol. That's a lot of money for hodlers for ten minutes "work".
Quote from: Azz on May 06, 2024, 08:34 PMHoly hell! Bitcoin just went up a thousand US in ten minutes lol. That's a lot of money for hodlers for ten minutes "work".
Yes hodlers will be happy as you say, their fresh air is worth a thousand dollars more.
Quote from: Breezy on May 06, 2024, 09:12 PMYes hodlers will be happy as you say, their fresh air is worth a thousand dollars more.
Lol, your delusions are free!
I wonder who's done better? Those who uploaded money to the FTX crypto exchange run by a fraudster who then drove it into bankruptcy...? Or those who invested in, oh I don't know, use your imagination, it doesn't really matter, but let's provide the criteria of an NZ stock investment, with no dividend, and a steadily declining share price...?
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FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.
FTX said in a court filing late Tuesday that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them.
The filing said that after paying claims in full, the plan provides for supplemental interest payments to creditors, to the extent that funds still remain. The interest rate for most creditors is 9%.
https://abcnews.go.com/US/wireStory/ftx-customers-money-back-2-years-after-catastrophic-110021371
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Those who uploaded money to the FTX crypto exchange run by a fraudster who then drove it into bankruptcy even made decent interest income over-and-above getting their investment back!
The ones with Bitcoin held on the exchange will be a bit annoyed, though: sure, they have their money back, plus interest, but they missed out on Bitcoin's 290% gain over the time of the bankruptcy administration. Oh well, can't win 'em all!
Think the great dutch flower crash ... bitcoin is useless except for criminals to use to wash ...
the technology is worth a lot ...
they are even using it for AI LLM's
Trump victory is sending BTC to ATH.
Has anyone invested in the new BTC ETF, started about a month ago. Whats the fees like?
I invested on 25/10/2024, 29/10/2024 & 04/11/24. At the moment my return is 23.9%.
Fees are 0.55% and I believe they are calculated into the fund price like other ETFs.
Also there are the brokerage fees
Good one, got in before bitcoin really took off. So if say the fund holds a million dollars does it have to have a million dollars of bitcoin in a wallet?
Holdings for BTC.NZ - Smart Bitcoin ETF Units
Date 31-10-2024
IBIT US iShares Bitcoin Trust ETF 99.96%
BNPP NZD Cash Account (ANZ Bank) 0.14%
USDBNPP USD Cash Account (BNP Paribas) 0.04%
NETCA Net Current Assets -0.14%
As of November 13, 2024, the iShares Bitcoin Trust (IBIT) holds 469,895.35610 Bitcoin. IBIT is a BlackRock fund that primarily holds Bitcoin, with 99% of its portfolio allocated to the cryptocurrency.
BTC hits 100k. History made. Congrats to all holders this is a remarkable day for crypto.
US taking on crypto as a reserve. Other countries sure to follow, big news for crypto and some big gains coming in the next year.