cleaningup12 on Nostr: Game theory is in full effect. Tech giants will not buy Bitcoin at 100k They have ...
Game theory is in full effect.
Tech giants will not buy Bitcoin at 100k
They have literally billions to throw at anything they want.
Let's say you're on the board of Metazon or Googlsoft
10k Bitcoin is a good starter, currently it's worth one billion dollars, that's nothing to these guys, it's chump change.
We're too early, no massive companies are embracing it yet.
Silicone valley wants to see other huge companies invest first.
They can afford to wait.
When Bitcoin is at 5 million dollars per coin, that's utterly out of the reach for most investors globally.
That's a 50 billion dollar investment and by that point the Tech industry would see it as a safe bet.
The fun part will be watching the suits watching the suits, all of them waiting for the other to go first.
Tech giants will not buy Bitcoin at 100k
They have literally billions to throw at anything they want.
Let's say you're on the board of Metazon or Googlsoft
10k Bitcoin is a good starter, currently it's worth one billion dollars, that's nothing to these guys, it's chump change.
We're too early, no massive companies are embracing it yet.
Silicone valley wants to see other huge companies invest first.
They can afford to wait.
When Bitcoin is at 5 million dollars per coin, that's utterly out of the reach for most investors globally.
That's a 50 billion dollar investment and by that point the Tech industry would see it as a safe bet.
The fun part will be watching the suits watching the suits, all of them waiting for the other to go first.