@BoBbyPleWniaK@vernic_daniel Supply / demand.
What else matters?
Space companies been priced at ridiculous valuations for ages.
Why is this any different?
The Strategy/MSTR/STRC bears have had their brains officially cooked.
They are either bad actors or extremely stupid.
There isn't a third option.
Strategy has 845,256 Bitcoin valued at $52.4 billion.
They owe $142 million per month in dividends.
Now let's scale the balance sheet down 1,000,000x to show you how stupid these people are.
$52,400 of Bitcoin
$142/month dividend bill
0.845256 BTC
That means the monthly dividend bill is:
$142 Γ· $52,400 = 0.271% per month
Annualized:
$1,704/year Γ· $52,400 = 3.25% per year
So the bear argument becomes:
βThis person owns $52,400 of Bitcoin and owes $142 per month. They are doomed.β
That is hilarious.
Did Benjamin Cowen apologize for scaring his followers out of BTC at $3,000? No.
Did he apologize to the people he scared out at $25,000? No.
When Bitcoin is $1M, will he apologize to the people he scared out at $60,000? Of course not.
Stop following charlatans or stay broke.