Someone correct me here, but right at the start, wasn't the very original point of him buying btc because their business was making a decent profit - more than they needed for reinvestment. So they needed a home for cash at a time when bonds were shit?
Where I'm going with this is (and again please correct me) is from the businesses pov rather than the shareholders', it isn't critical for btc to be up. They are still viable without this ludicrous share price.
Someone correct me here, but right at the start, wasn't the very original point of him buying btc because their business was making a decent profit - more than they needed for reinvestment. So they needed a home for cash at a time when bonds were shit?
Where I'm going with this is (and again please correct me) is from the businesses pov rather than the shareholders', it isn't critical for btc to be up. They are still viable without this ludicrous share price.