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Saw a good post today on Twitter, an old clip of a real estate reality show in New York, you know the ones that show the realtors and the properties they're selling and buying, dealing with clients, the negotiations, etc.
In this clip, a guy makes an offer of 50,000 bitcoins for a two bedroom apartment in New York. The realtor phones his client and presents the offer, and the client is upset because that values the apartment at $13 million, and the asking price was $14 million.
Today the value of 50000 bitcoin is $3.5 BILLION US.
That show must have been pre 2017 or 2016 because the value of bitcoin at that time would have had to be around $260 US, vs today at $70,000 US.
It's amazing that all anyone had to do was buy $1000 or $2000 of bitcoin 10 years ago and be a millionaire today. Ofcourse you'd have had to store in securely and resist the temptation to sell along the way.
You think of all the time and effort spent on investment decisions and what and how much to buy and sell of different things, and just a small allocation into one asset, and holding and forgetting, can do so much.
In this clip, a guy makes an offer of 50,000 bitcoins for a two bedroom apartment in New York. The realtor phones his client and presents the offer, and the client is upset because that values the apartment at $13 million, and the asking price was $14 million.
Today the value of 50000 bitcoin is $3.5 BILLION US.
That show must have been pre 2017 or 2016 because the value of bitcoin at that time would have had to be around $260 US, vs today at $70,000 US.
It's amazing that all anyone had to do was buy $1000 or $2000 of bitcoin 10 years ago and be a millionaire today. Ofcourse you'd have had to store in securely and resist the temptation to sell along the way.
You think of all the time and effort spent on investment decisions and what and how much to buy and sell of different things, and just a small allocation into one asset, and holding and forgetting, can do so much.
