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A comment on BadEconomics: Putting $400M of Bitcoin on your company balance sheet. Parent comment
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.
Bitcoin will never have earnings. It's pure speculation.
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.