Business 123 Introduction to Investment May I please have the solution for the following exercise? Thank you,   Just when you thought you had cured your colleague of his belief in "too good to be true" schemes, he comes in all excited about Bitcoin. He saw someone on television saying that Bitcoin was going to go to $1,000,000 and then he read an article on the Internet where someone else said that eventually each Bitcoin will be worth $13,000,000 just because. He can't wait to get in. This time, he does not ask for your opinion. He tells you that he is going to get started immediately and that you need to get started, too. He leaves your office enthusiastically. Please comment on what you know and believe about Bitcoin and other cryptocurrencies as an investment.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter8: Securities Law Considerations When Obtaining Venture Financing
Section: Chapter Questions
Problem 27DQ
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Business 123 Introduction to Investment

May I please have the solution for the following exercise?

Thank you,

 

Just when you thought you had cured your colleague of his belief in "too good to be true" schemes, he comes in all excited about Bitcoin. He saw someone on television saying that Bitcoin was going to go to $1,000,000 and then he read an article on the Internet where someone else said that eventually each Bitcoin will be worth $13,000,000 just because. He can't wait to get in. This time, he does not ask for your opinion. He tells you that he is going to get started immediately and that you need to get started, too. He leaves your office enthusiastically. Please comment on what you know and believe about Bitcoin and other cryptocurrencies as an investment. 

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