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What happens when it costs $87,000 to “mine” a Bitcoin which is only worth only $66,000? We’re about to find out . . .
Gold and Bitcoin. So different, yet so alike. A hedge against inflation. Expensive to mine. Limited supply. But wait, is that last part really true? Gold mining virtually stopped when the price of bullion was at $1,800 a few years ago.... wait til people find out that Bitcoin and the 10,000 competing crypto currencies are also "fiat" currencies. this won't necessarily mean intensification of the stampede to gold and silver, but it will cause a sell off in both the crypto exchanges and the S&P 500 land would be the...