Wednesday, December 6, 2017

The price of Pizza, May 22, 2010

This is a lesson in how a market can value something...

The market can under-value your something or over-value it. 

Right now a company that is licensing and transitioning from a bleeding-edge company to leading edge company in four key emerging technologies is trading at $1.50/share. (or is that 1000 pizzas in 2022.)

There was risk with bitcoin in 2010. There's some risk with MicroVision now. But I bet you wish you'd put a few hundred bucks into bitcoin in 2010, and just hung on to it.

as of December 6, 2017... 

On May 22, 2010, a developer bought two pizzas using 10,000 units of a then-little-known digital currency called bitcoin.

13450.00 * 10,000 = $134,500,000
That's $67,350,000 per pizza.

December 7, 2017

15969.00 * 10,000 = $159,690,000
That's $79,845,000 per pizza
I'm pretty sure this is going to be compared to the Tulip bubble of 1634 pretty soon.

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