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Yeah but today’s winners could be tomorrow’s losers! Haha we never know who will win or lose in the long run.
True (though the inverse rarely happens).
And for Snapchat we could say that they were unfairly targeted by Meta: https://mashable.com/article/facebook-snapchat-data-project-ghostbusters-mark-zuckerberg
Yeah I have a bias/soft spot for Snapchat. Raising capital to grow the business didn’t workout so well.
Meta just copy pasted and killed the competition
You need to have a great product AND you need to be able to defend against the likes of Zuck and Elon. I think that Snapchat just got outcompeted. This happens and it's okay.
If I were Snap and I was sitting on a load of cash, then I'd invest in platform development or even M&A. Not park my cash in Bitcoin. Idle cash is dumb, no matter the denomination.
How when the appreciation over time can increase your R&D budget?
Can split the baby with the balance sheet!
But my initial point was that if only losers buy bitcoin, then eventually Bitcoin will go to zero and it offers no protection. We want successful people to be in Bitcoin, not losers. This is actually rather important; losers have network effect too!