Bitcoin surpasses $50K as major companies jump into crypto

Re:Bitcoin surpasses $50K as major companies jump into crypto by MrPowers on Tuesday February 16, 2021 @11:45PM (#26162802)

I don't know if Bitcoin will outperform Facebook, but can explain why they're fundamentally different assets. Facebook is a "productive asset". It's a business that sells to customers and generated 29 billion in profit in 2020.

Bitcoin, like gold, is not a productive asset. It doesn't pay interest (like bonds), dividends (like stocks), or rental income (like real estate). Warren Buffett has a good explanation: https://www.youtube.com/watch?v=LtITDtZPYEw&amp%3Bab_channel...

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Re:Bitcoin surpasses $50K as major companies jump into crypto by tarsinge on Wednesday February 17, 2021 @09:46AM (#26166815)

One can argue that Facebook is detrimental to society, so it's worse than an unproductive asset. It's strange seeing people take an environmental stance against Bitcoin, and then blindly defending unethical money making schemes, as long as it's a traditional company.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by jsutton on Thursday February 18, 2021 @05:53PM (#26186966)

What about growth stocks that don't pay a dividend. Not a productive asset?

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