Is Bitcoin “bigger than General Electric?”

Source: Freeman’s Perspective
by Paul Rosenberg

“I’ve seen a lot of headlines like these lately, and so I’ll take a moment to point out how wrong-minded they are. To compare Bitcoin (or any cryptocurrency) to a company is just wrong. As I keep saying, Bitcoin is not an investment. That is, * It’s not a share of ownership in a corporation, like a stock. * It’s not a promise of debt repayment, like a bond. Bitcoin is a currency. And so, if we want to compare it to something, we must compare it to other currencies, not to stocks, bond, real estate, or whatever else.” (12/06/17)