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Crypto did pretty well during that timeframe. Likely, they didn't pivot hard enough to offset losses to the core business.
by mont_tag 1y ago
Crypto did pretty well during that timeframe. Likely, they didn't pivot hard enough to offset losses to the core business.
- BoorishBears 1y agoCryptocurrency did well, anyone who built things assuming crypto-related tech would do well lost their shirt.
- DANmode 1y agoDecent framing of the issue, here.
- hoppp 1y agoCrypto is pretty much just about buying btc or now eth But the projects built on it are all questionable and only make money for the builders who slowly rug them
- canucker2016 1y agoworked well for Microstrategy (MSTR). Look at the 5 year or all-time chart for MSTR - https://finance.yahoo.com/quote/MSTR/ https://finance.yahoo.com/quote/MSTR/ Not sure how they realize all those gains tho, or what happens to the stock price when they try to exit in a substantial manner.
- greiskul 1y agoAnd what projects do they have besides buying BTC like the parent comment mentioned? What tech have they built? And yeah, BTC went up huge amounts, but certainly they were a large part of the buying pressure to get it there. But like you asked, how do they realize anything? Unless they get US government to start buying and shift their bags to the US tax payer, how do they do anything with their BTC? Besides using it as collateral to borrow even more money to inflate a even higher bubble?