PM40 vs. Bitcoin
Bitcoin has been the "hip" investors cool choice for the last couple of years. I admit I don't understand it and have little interest in understanding it. I actually saw an advertisement early this year that called bitcoin "green" for someone had found a way to "mine" using less electricity. Give me a break. Sounds like Dutch tulip bulb futures to me.
A number of years ago, Hanson Building Materials, formerly of the UK, now owned by a company in Germany, compare their products to electronic dabbling's. I think this was around the time of the dot.com bubble back in 2000.
I would suggest, in a similar vein one compares Bitcoin to Paperitalo's own PM 40. Like the argument Hanson used for bricks, I think one could argue toilet paper and containerboard are essential, no matter the turmoil in the financial world, indeed in any world where people live.
The PM40 is indexed to the year we started it, 2002, when we set its value at 1,000.
