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It's the same type of gamesmanship that explains why Facebook was worth 100B at one point: the marginal price is multiplied by the number of units outstanding.
by niggler 14y ago
It's the same type of gamesmanship that explains why Facebook was worth 100B at one point: the marginal price is multiplied by the number of units outstanding. There is no guarantee that every BTC can be cashed out at the current price (or even for a nontrivial price) in much the same way as how Dorsey can't dump his entire twitter stake at the current valuation of twitter.