Well diamonds are kind of iffy, y'know. All that bull about "investment diamonds", the totally artificial scarcity, the subjective "quality" and "clarity" and "cut" stuff, bitcoins are nice simple objective mathematics, much better...
-MarkM-
That's true, the real value of diamonds is about the same as rhinestones but lets get real, 3 years is a long time if that's the real timeframe.
Cause it doesn't take 3 years to figure out the real value and in the end the real value is the value the market determines just like with gold or any other commodity.
The fact is, and I've read up on this too, getting a new ETF license does take that long in many cases and with Bitcoin, it should be easily that long as there are so many unknowns, including valuation and risk factors and illiquidity and the massive illegal activity that is involved and the list goes on.
If someone were to ask me what's easier to value: Bitcoins or a bag of diamonds, I would easily choose the diamonds cause historically you know you can burry those in the ground 50 years and take them out and you've got a set value where with any fiat like Bitcoin, and especially a new fiat which is anonymous and unpredictable, you cannot know with certainty if it will be around in 50 days let alone in 50 years.
And this is the biggest reason all the experts are laughing and saying Bitcoin will never get the ETF license and if I'm right and not only do they get it but they get it in record time then you all need to admit that something is not eight and this was a game all along and we are all getting played.
