RE:RE:RE:RE:RE:WTI barrel to 1 BTC = 651I know, I can't understand it. Problem is that Bitcoin now seems to be the most consistent and the most proven investment option of the last 10 years. How can you beat that? Who the heck is behind it. This is someone's project of insane proportions and it gets support at some very high levels. How the heck can you explain that there are probably more bitcoin cash machines in Calgary than for example Tesla charging stations. It is all legal. 1 bitcoin is going to go cost millions of dollars. Oil producers at least in some countries should start selling 10% or of their oil in bitcoin.
Chris007 wrote: Well, the thing that is even more odd is the negative correlation between gold and bitcoin...initally bitcoin was being touted as digital gold and a hedge against inflation and currency debasement...now they act completely opposite. Bitcoin is basically a risk-on asset, no different than stocks
lovehockey wrote: I can't believe it. Another jump for Bitcoin, as of Feb 19 1 Bitcoin can buy 952 barrels of oil. The whole ATH daily production is now probably less than 30 stupid bitcoin. What an insane world we live in.
lovehockey wrote: lovehockey wrote: Jan 6 - 1 BTC = 688 barrels of WTI
February 10, 2021 - 1 BTC = 762 barrels of WTI