Bitcoin Beat the Trough of Sorrow
Bitcoins have no value.  Nothing is more an indication of quantitative easing and bubbles and so forth than Bitcoin.  A $12 billion market cap, as worthless as the $12 billion valuation of some unicorns.<p>Warren Buffett and Charlie Munger have both been around 85 years and know when something has value and when it doesn&#x27;t.  &quot;Rat poison&quot; is what Munger calls Bitcoin and Buffett also notes their worthlessness.<p>Why does a Bitcoin have value?  There is no answer to this question.  They&#x27;re as worthless as Ponzi&#x27;s postal reply coupons.  One day, like Flooz and Beenz and other worthless &quot;electronic currencies&quot; before it, Bitcoin will come crashing down into worthlessness.<p>It&#x27;s surrounded by scammers - Mt. Gox, Butterfly Labs was raided, on and on.  That should tell you something.