“‘The thing about bitcoin that is so interesting is the addressable market here,’ said Miller, former chairman of Legg Mason Capital, on CNBC’s Closing Bell. ‘Gold alone has an $8 trillion market value, bitcoin has about a $7 billion market value, so if it’s only 10 percent as successful as gold you get 100 times your money.’ The noted stock picker said he started buying bitcoin personally after the Mt.Gox exchange collapsed earlier this year. ‘When that didn’t destroy, in essence, the underlying psychology of it, it looked to me like it probably had a decent base of around $500 per coin,’ he said.”
http://www.cnbc.com/id/101532377
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Hands-free cell phone devices still pose driving risk: study
American drivers still talk, text as much as ever despite laws against it
Colorado secede? Counties weigh exit plan to form state of 'North Colorado'
Deputy in viral DUI checkpoint video has checkered past
Malfeasance at State Police Crime Lab
When Police Violate the Constitution
Michael Hastings Last Story Was On CIA Director Brennan; Will Be Published Soon
EU leaders toast launch of European army
Oklahoma execution renews debate on doctors' role in lethal injection
New Orleans replaces all public schools with charter schools
That 3-D Printed Gun? It’s Just the Start
South African banks in massive credit card data breach
Egyptian court orders Al Jazeera and other news outlets to close down
NHS watchdog: Nurses in tears as 'horrendous' understaffing hits patients
Obama cheers ‘victory’ in Korean War on 60th anniversary