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Bitcoin is $5,400 right now, up 23% from last week. Is this pure insanity???
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>>606887>What is driving this surge in value?
That's the million-dollar question. Perhaps it's Putin's recent announcement (“it’s also important not to put up too many barriers”).
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thanks, OP - just sold my $10,000,000 stake in bitcoin and made $2,300,000.
daily reminder that if ur born rich, u can make as much money as the average engineer or scientist makes in their entire lifetime in one day ~
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you can also lose as much
that's how it works>>607103
Since bitcoin supply is capped, it doesn't inflate. Normal inflation is caused by the printing of money, devaluing the currency. Bitcoin can only be produced at a decreasing rate, which means that as long as the demand keeps increasing at even a moderate rate, so will the price.
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you're literally talking about a scenario where you're already ultra wealthy
of course things work out for you in that case, lol
Also 10 percent is definitely not guaranteed on investments. If you put all your money in a hedge fund, I'm pretty sure you'd be really lucky to make that much. Some bad years average returns have been around 0.45%