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I agree. What's also absurd is that Tesla raised $5B and now is parking 30% of that in Bitcoin, which we all know has a unique history of volatility. This is no

by gnrlst 6y ago

I agree. What's also absurd is that Tesla raised $5B and now is parking 30% of that in Bitcoin, which we all know has a unique history of volatility. This is not going to end well.

xyst 6y ago
If the reports of BTC going to 100K by EOY are true, they just turned $1.5B into ~$4.5B.
- rospaya 6y ago
  I'm curious how they calculated that considering the extreme volatility of BTC.
  - delaaxe 6y ago
    Look up "stock to flow" model for BTC
- shawabawa3 6y ago
  > reports of BTC going to 100K by EOY uh...reports is a very generous word for speculative guesses If btc was definitely going to 100K by EOY, it would already be worth at least 90k today
byerobh 6y ago
Not unique, and if anything, becoming time-tested.