Great moments in Investing

2 Pizzas for 100 million in Bitcoin

I just saw this picture, and thought it was awesome.... but current market cap of Apple puts 10% at 915.74B/10 or 91 Billion...

Substance & Bitcoin

This is a chart of Bitcoin. As an understatement, it's getting a bit ahead of itself. I do expect this to decline substantially.

This is what happens when a lot of people see the value of something that is in limited supply. 

There is ZERO intrinsic value in a bitcoin, except that some people have decided it's valuable.

Some people have started to talk it up -- told tales about where it's going that are fantastic. (It will be a million dollars in a few years!!)

MicroVision is a stock issue that has very limited supply. (really, it does.)

It actually HAS value --- It will be producing key components in multiple emerging and disruptive technologies:  (see disruption here)

• ADAS / Self Driving Cars / 3D Scanning
• The Internet of things
• Augmented Reality (Auto HUD / AR Glasses)
• Mobile Computing

Even if you're REALLY dubious of MicroVision. Buy 100 shares, forget about it. Look in a few years. This is something that will gain a lot in the market that has real, actual tangible value.

• 
  
• 
  

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.

Business Insider

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.