This riddle could be paraphrased as “It is almost worth the gold reserves of France (World #5), it is what all want now at the price of 2016, you would be eager to have it as a gift last Christmas, it stands at 14 GDPs of Kyrgyz Republic (my motherland)”. Yes, you got it right, it’s a Bitcoin - notorious, attractive and, of course, risky.
Last week the market cap of this coin hit an all-time high at the 99+ billion dollars increasing ten times from what it was just a year ago.
Chart 1. 1-year dynamics of Market Cap of Bitcoin in USD
Chart courtesy of blockchain.info
Continue reading "Modern Paradox: As Large As Goldman Sachs But Has No Intrinsic Value"