I wonder if they will continue, i.e. averaging in. Fear is pretty high and various charts are dipping below the 200 MA (as one indicator) for the first time in a while, but this could easily continue through March...once we hit May though, so long 50K BTC. IMO. A phenomenal year to bet on crypto.
"We purchased $50 million in bitcoin in October 2020 and another $170 million in bitcoin in February 2021, and we may make additional bitcoin purchases in the future"
Btc is nearly half of SQ revenue. Btc mentioned 143 times in 10-k.
Question is besides SQ, MSTR, TSLA, which publicly traded cos have purchased and have yet to announce, and which will purchase/announce this year.
I am honestly astounded that the whole tether and bitfinex controversy has not had a greater fallout.
For the first time in my life I have non-technical friends asking me how to invest in cryptocurrency, and I have to explain to them the real risk that there is a huge speculative bubble right now.
I am seeing the DeFi people reinventing all sorts of synthetics, derivatives and highly leveraged trading instruments in the absence of any regulatory oversight and can't help but wonder when there will be a reality check.
Even more worrying is the prospect that we don't get a price correction soon, lulling more retail investors and institutions to expose themselves to BTC. And when the fallout does happen it will hurt the real economy too (you know, the one that actually produces goods and services with value).
Younger people are less risk-averse and more likely to distrust the traditional finance industry because of past meltdowns. Many see BTC as a safer bet than a financial product a bank would sell them. Right or wrong it's a shift in thinking and may be a self-fulfilling prophecy.
The crypto economy has created a lot of jobs. As far as I'm concerned that's pretty good value.
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[ 3.6 ms ] story [ 18.2 ms ] thread"We purchased $50 million in bitcoin in October 2020 and another $170 million in bitcoin in February 2021, and we may make additional bitcoin purchases in the future"
Btc is nearly half of SQ revenue. Btc mentioned 143 times in 10-k.
Question is besides SQ, MSTR, TSLA, which publicly traded cos have purchased and have yet to announce, and which will purchase/announce this year.
For the first time in my life I have non-technical friends asking me how to invest in cryptocurrency, and I have to explain to them the real risk that there is a huge speculative bubble right now.
I am seeing the DeFi people reinventing all sorts of synthetics, derivatives and highly leveraged trading instruments in the absence of any regulatory oversight and can't help but wonder when there will be a reality check.
Even more worrying is the prospect that we don't get a price correction soon, lulling more retail investors and institutions to expose themselves to BTC. And when the fallout does happen it will hurt the real economy too (you know, the one that actually produces goods and services with value).
Crazy.
The crypto economy has created a lot of jobs. As far as I'm concerned that's pretty good value.