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Same as happened to the 3 trillion valuation of bitcoin and its imitators - it melts into air, as if it never was. The valuation on all their equity was specul
by grey-area 4y ago
Same as happened to the 3 trillion valuation of bitcoin and its imitators - it melts into air, as if it never was.
The valuation on all their equity was speculation, it is not based on earnings.
- chrisco255 4y agoIt got marked down to current industry valuation of ~$1.2 trillion. It very much is still a liquid, 24/7 market, and like other drawdowns in the past, there is no indication that a future recovery of prices is out of the question.