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A few of the thousands of publicly traded US companies have bought some bitcoin, the others have not. If you assume institutional investors do their homework, w

by ac29 6y ago

A few of the thousands of publicly traded US companies have bought some bitcoin, the others have not. If you assume institutional investors do their homework, why are the 99.99% of companies who didn't buy bitcoin wrong?

bboygravity 6y ago
> If you assume institutional investors do their homework We're talking about predicting the future here. "Doing your homework" may not be the relevant factor in predicting the future compared to "luck" or "power to manipulate" (insider trading, SEC in the pocket, priority at exchanges, CNBC market manipulation, etc).