Bitcoin Tumble

| January 30, 2018
Share |

In January alone, Bitcoin lost as much in market cap as the entire value of Ford (F).

It is currently estimated that 4% of Bitcoin owners own 95% of all Bitcoin.

So, even if estimates are true that 1 in 20 Americans have exposure to Bitcoin, the asset getting cut from a $400 billion to $200 billion in market capitalization is unlikely to have any real systemic risk associated with it.

For now.

 

Stay Tuned, Disciplined & Patient! {TJM}

ICE – Investor & Character Equation | S + R = O

 

Disclosure
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Meyer Capital Group), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Meyer Capital Group. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Meyer Capital Group is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Meyer Capital Group’s current written disclosure statement discussing our advisory services and fees is available for review upon request.

Share |