Was Bitcoin the Worst Investment of 2014?

David, thanks for joining us.

Good morning.

A lot of people, including the producers of the show are constantly making one of me because i was and am such a bi tcoin believer.

It has come down from $1100 to $350. does that bum you out?

If you look at december of 2012, bitcoin was $13. if you have been a long-term holder of this asset, that's a pretty good return.

And more important than the short-term price movements, you've seen these incredible announcements in the last few days.

Take microsoft -- you know, it does not get much larger than microsoft as far as companies that could be accepting bitcoin.

And more importantly, we see a huge user growth in people creating bitcoin wallets.

If you are having these great announcements and support, why is a trading like you know what?

I think it is a long-term valuation creation.

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Was Bitcoin the Worst Investment of 2014?