I don't know enough to have an informed opinion (nor do I really need to have one), but I appreciated the examples, structure, and humour of this article. Beyond the decision that the SEC makes, the arguments you presented made helped me think about the bigger questions that apply more broadly, such as "what is intrinsic value?". The overarching concepts are very interesting and well articulated!
This injudicious article is so ill-advised that I wouldn’t know where to start…let me just pick one.. Tesla only sold 10% of its BTC holdings to “test liquidity” and meet revenue goals. They can do whatever they want with their assets, they are still holding 90% of invested BTC and rumors say they probably bought more. Not having intrinsic value is your opinion, hundreds of millions of people disagree with you. Bitcoin is a deflationary value asset like any other in an investment portfolio. Those who invest in it know the risks as well as potential rewards. A Bitcoin ETF should be approved by the SEC in the United States. I like the one from One River too…
Great analysis on crypto being ill suited for retirement funds. Great to see that RL is as sharp as ever. I loved his prior WSJ Intrinsic Value columns.
I don't know enough to have an informed opinion (nor do I really need to have one), but I appreciated the examples, structure, and humour of this article. Beyond the decision that the SEC makes, the arguments you presented made helped me think about the bigger questions that apply more broadly, such as "what is intrinsic value?". The overarching concepts are very interesting and well articulated!
This injudicious article is so ill-advised that I wouldn’t know where to start…let me just pick one.. Tesla only sold 10% of its BTC holdings to “test liquidity” and meet revenue goals. They can do whatever they want with their assets, they are still holding 90% of invested BTC and rumors say they probably bought more. Not having intrinsic value is your opinion, hundreds of millions of people disagree with you. Bitcoin is a deflationary value asset like any other in an investment portfolio. Those who invest in it know the risks as well as potential rewards. A Bitcoin ETF should be approved by the SEC in the United States. I like the one from One River too…
Great analysis on crypto being ill suited for retirement funds. Great to see that RL is as sharp as ever. I loved his prior WSJ Intrinsic Value columns.