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Bitcoin is a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than depending on central authorities. The creator, Satoshi Nakamoto, wrote the original white paper in November 2008 and the Bitcoin network came into existence in January of 2009.

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More #Bitcoin keeps getting subsumed by @Grayscale.

“I own many, many more times $GOLD than I own #Bitcoin, but frankly if the gold bet works, the bitcoin bet will probably work better because it’s thinner and more illiquid and has a lot more beta to it.“ - Stanley Druckenmiller

Why? 👇

December closing #Bitcoin price relative to $USD.

2011 ~ 0.21834061
2012 ~ 0.07552870
2013 ~ 0.00136612
2014 ~ 0.00311526
2015 ~ 0.00232558
2016 ~ 0.00106838
2017 ~ 0.00007205
2018 ~ 0.00027078
2019 ~ 0.00013951
2020 ~ 0.00005229 (Dec 1st)

What will December bring?

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