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A comment on BadEconomics: Putting $400M of Bitcoin on your company balance sheet. Parent comment

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by deeeeplearning on Monday January 04, 2021 @11:39AM (#25633727)
>The gains can be explained by nothing else than mania and speculation.

This was always the case for Bitcoin. Why would ever use it as a currency when its value can swing +/- 20% in a single day, that would be ridiculous.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by apta_ on Monday January 04, 2021 @11:46AM (#25633850)
The hypothesis is that its value will stabilize eventually. Many are using it as a store of value to resist government induced inflation.
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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by deeeeplearning on Monday January 04, 2021 @03:50PM (#25637728)
Whose?

Bulls trot out the "Bitcoin to $1M" trope all the time, that hardly seems stabilized to me.

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