Anyone care to opine as to how much Bitcoin has taken the shine off gold as an investment?
I certainly think it has. Whether you believe in bitcoin (or the premise of digital currency) or not, it's whether others do. A lot of gold bugs believe in Bitcoins and understandably so. It's incredibly difficult to estimate how much effect it's had on gold but it's definitely had some effect.
Bitcoin has every johney get rich quick moron trying to create their own currency. Litecoin is now trading and there will be 20 more out by the end of the year. Its no different then internet real estate. You can copy the entire server and now you have doubled your amout of virtual New york apartments
All well and good, well and good. But when it falls under 40 does the dividend triple like NEM? Wait till nem gets to 30. The dividend goes to $14 a share. Could be ? Who knows? I am a history engineer.