WhatsApp has over 600 million users, at $30 person value thats 18 Billion market cap.
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
If Bitcoin had even 60 million users at $30 person value is only 1.8 Billion, so it seems over valued now?
are you being silly... 60 million people using bitcoin atm would mean almost no1 having a single coin... depending on distribution but really a terrible comparison
Just comparing the users of whatsapp are worth money to advertisers.
The users for bitcoin must increase from its current base to spread to survive.
Then comes the problem will value increase? and why? because of limited availability like a commodity? which is opposite of what it was intended to be a medium for transactions with lower fees.
In the end I think btc needs to be pegged to some definite value to be worth anything. Other than that the Fed is correct that it can only be a "storage" mechanism.
We're currently in a bubble for "users" though.
Companies with millions of users are bought up, with absolutely no idea how to monetize them.
Snapchat anyone? Value in the billions, absolutely ZERO revenue.
A lot of these companies are just VCs and investors playing hot potato, I invest $25m in the hope that somewhere further down the road a bigger fool will inject $250m and my stake is worth more than I paid. It's nearly a ponzi
Yes, Bravo