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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by fooker on Monday January 04, 2021 @12:00PM (#25634110)
> But those capabilities exist whether a Bitcoin is priced at $1 or $25,000.

If those capabilities are useful, more people flock to BTC. Price goes up.

This is similar to the valuation of the many tech stocks which are not necessarily grounded on the present revenues of the respective companies.

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by klipt on Monday January 04, 2021 @12:07PM (#25634258)
The difference is people expect stocks to have earnings (at least eventually).

Bitcoin will never have earnings. It's pure speculation.