Re:Not Being Bullish Enough on Bitcoin Is a Mistake
by alwillis on Sunday December 27, 2020 @02:27PM
(#25553537)
Mass Mutual’s $100 million investment isn’t “speculation”: https://www.investopedia.com/decoding-insurance-giant-massmu...
Michael Saylor invested $425 million of his company’s treasury into bitcoin and then issued $600 million in debt to buy more bitcoin.
The podcast is worth a listen to understand why MicroStrategy and other companies are using bitcoin to preserve value: https://podcasts.apple.com/us/podcast/we-study-billionaires-...
Re:Not Being Bullish Enough on Bitcoin Is a Mistake
by Closi on Sunday December 27, 2020 @04:28PM
(#25554414)
> Mass Mutual’s $100 million investment isn’t “speculation”
Of course it is speculation - in fact it is pretty much the book definition of speculation (The purchase of an asset with the hope that it will become more valuable in the near future).
There are no dividends and there is no interest and any RoI is solely derived from the asset value increasing - so if it's not speculation then what is it?
If you're worried about your cash losing value, it seems like a better idea to peg it to the companies that create value, not some random deflationary asset like Bitcoin that isn't used for anything but speculation.