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Bitcoin is not the best money and its not even the best cryptocurrency. Its one of the slowest blockchains. It has high fees. Its difficult for normal people to use. The value of the coin is volatile and its not broadly accepted as a form of payment.
I strongly disagree with the above points.
Bitcoin is not and will never become a widely spread payment network. It is a store of value. It is critical everybody understands this. Moreover, it is the best store of value the mankind ever invented. There is no other blockchain aspriring to become a store of value, so any comparison would be baseless.
Therefore, the slowness or the somewhat high fees (which is questionable) are irrelevant.
I accept it is difficult for newcomers to use, but it is getting easier and easier over time. In comparison, how easy would be for "normal people" to invest in physical gold, or even worse gold ETFs? Because the comparison with gold is the only that makes sense.
To sum up, Bitcoin has very solid fundamentals and is severily undervalued, given that retail as well as institutional investors have just started to realise its essence, that of digital gold. Many more will follow and want to posses some of it, pumping its value higher and higher.
On the other hand, Tesla is traded with a P/E ratio of 1548 which any traditional analysis would find astronomical. However, I accept that fundamentals do not play any role in this market climate.
It looks like brand recognition and cult plays much more important role nowadays. Retail investors buy Tesla because they follow Elon Musk on social media and find him cool. He understands the name of the game and engages with his potential investors as deeply as he can.
I expect Tesla to give good returns in 2021, but less than $BTC. However, $BTC's fundamentals are much, much, much stronger.
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