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Subject:  Re: OT-Bitcoin Date:  11/5/2017  2:18 PM
Author:  DoesMIWork Number:  268335 of 279138

"Blockchain could well be a thing though..."

A lot of people have doubt about Bitcoin, but not about blockchain. Even the skeptics on Bitcoin have little doubt on the future of blockchain. It's here to stay. However, who maintains the blockchain? What is the incentive for someone to keep all those records and make sure that it's legit? That's why the miners get paid. They get paid for maintaining the blockchain. They get paid in Bitcoin, not dollars, Euros or Yen.

Why is GS considering BitCoin trading operations? Why is CME planning to launch Bitcoin futures? The answer to BOTH is this: their clients are asking and that there is enough of them! Tulip or not, "all comes to tears" or not, what I am saying is that we have an opportunity to seize the moment- before the institutional money gets in.

My bet is this: Bitcoin will rise between now and when the first crypto ETF comes out.

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