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Is this why so many are willing to pay large premiums to own stock in companies that buy bitcoin?
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Partly. I think people mostly buy these companies so they can try to outperform bitcoin. I do think it is why a lot of folks have gravitated to the bitcoin ETFs.
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are you as befuddled as Matt Levine about the price/valuation difference between real bitcoin and financialized Saylor/Mallers bitcoin? #957321
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