Did anybody watch Mad Money yesterday? Cramer had an executive from AEM gold on the show and they were talking about investing in gold.
The exec claimed gold was a "hard asset" and is used to "store value". He said on the other hand Bitcoin was a "trade asset" like baseball cards. He said you might value a Babe Ruth card at a million dollars but I might think it's worth ten cents.
I think it's good that the exec and Cramer acknowledged there are million dollar baseball cards out there, on a finance show. I can't really argue that cards and Bitcoin are both "trade assets" in the sense that their values are referential only.
Sent from my SM-S906U using Tapatalk
|