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I agree. What's also absurd is that Tesla raised $5B and now is parking 30% of that in Bitcoin, which we all know has a unique history of volatility. This is not going to end well.


If the reports of BTC going to 100K by EOY are true, they just turned $1.5B into ~$4.5B.


> reports of BTC going to 100K by EOY

uh...reports is a very generous word for speculative guesses

If btc was definitely going to 100K by EOY, it would already be worth at least 90k today


I'm curious how they calculated that considering the extreme volatility of BTC.


Look up "stock to flow" model for BTC


Not unique, and if anything, becoming time-tested.




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