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If you buy a Bitcoin at $5k and it goes up in value to $50k, you still can't recognize it as a $50k asset. This was a demonstration that the real world value of
by tedunangst 6y ago
If you buy a Bitcoin at $5k and it goes up in value to $50k, you still can't recognize it as a $50k asset. This was a demonstration that the real world value of their holdings is (currently) greater than book value.