Not sure if it's a right analogy. Eventually bitcoin could be traded as an instrument but Magic Leap's case could be never be like that since if they're bankrup

Not sure if it's a right analogy. Eventually bitcoin could be traded as an instrument but Magic Leap's case could be never be like that since if they're bankrupt no one would come forward to buy their bonds. People bet on bitcoin just like they bet on Gold or any other entity. People bet on Magic Leap with the hope that Magic Leap could be provide some magic - that eventually could be galloped by AR-hungry companies like Snap, Google, Apple - since all of them always want to beat FB - which already got Oculus.