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A part of the valuation comes from miners who gets their returns cut by half every ~4 years. They have an interest in having the price (at least) double by then
by Mithriil 2y ago
A part of the valuation comes from miners who gets their returns cut by half every ~4 years. They have an interest in having the price (at least) double by then.
- deadbabe 2y agoSo how do they do it? How do they just keep doubling the price?
- deleted 2y ago[deleted]
- wmf 2y agoI have an interest in having the price of my house double every four years but I can't just wish that into reality and neither can miners.
- fragmede 2y agoHow much work have you put into having the value of your house double every four years? How many people are invested in your house appreciating like that? If your house appreciates, do a bunch of bankers and hedge funds also get rich along the way? How many politicians have you taken to lunch and on ski trips with the proceeds from the last time you sold half of your house when the price doubled?
- xvector 2y agoFuck, when you put it this way, I shouldn't have sold at $20k.