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28 sats \ 6 replies \ @Undisciplined 12h \ on: MicroStrategy Yum-Yum Eats Bitcoin (Bloomberg Money Stuff, Matt Levine) econ
So, where are you at on "The right price is the current price"?
It sure seems like the market is sending strong signals that the bitcoin price "should be" (in some sense) higher, which is hard to square since anyone can buy bitcoin anytime they want.
What's going on here?
There is also the replacement cost.
If a large entity wanted to buy a large amount of corn, they'd push the price up and their average price would be higher than the current price. This alone justifies a premium, as long as there is demand.
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100% is a hell of a premium, though.
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Since January 2024 they've also doubled their sats/share.
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Buying the f'in dip
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I have no idea.
I'm as clueless/befuddled as Levine, I think. The best I have is trapped funds and this being a minor (globally-financially speaking) anomaly about to correct itself
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The fly-wheel taking us towards equilibrium in the near future, would be the easiest outcome to process.
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