i never said i would have $10 million in liquid capital, i said the valuation is $10 million.

i just hope nobody on SN is under the illusion  that one bitcoin will one day be equal to 1/21,000,000th of the world’s wealth.

that kind of math is off by 1-2 orders of magnitude.

bitcoin

∞/21M > $ × ∞

immutable

You cannot simultaneously have a $10 million company AND the $10 million in liquid capital.

If I only have a dollar and purchase an apple at a market value of $1, I no longer have a dollar, I just have one apple.

My apple is valued at $1. 

BUT... seasonal rains produce high yield, apple harvest reaches record high. There's an influx of apples on the market and due to this supply shock my apple is now valued at $0.25.

I have not yet lost 75% of what I paid for my apple. I still have an apple.

I can hold my apple, cold storage, and wait until the market price recovers and sell my apple, which is not a dollar, it is still an apple, for a dollar.

If that isn't straight forward enough I guess we just agree to disagree.

Appreciate the debate.✌️