@JacobKinge Bitcoin's value is directly tied to the AMOUNT IT COSTS TO MINE ONE. Average cost to mine one BTC as of 12-15-2024 is $87,000. Which is in line with current trading prices. I agree Michael Saylor is a nut, but he is by no means an elected spokesperson for it.
A few weeks ago, Michael Saylor tried convincing Microsoft shareholders to buy Bitcoin—over 99% rejected it.
Then he floated false rumors about a US “Bitcoin strategic reserve,” which were quickly dismissed.
Now, he’s trying to lure in Jeff Bezos.
Why? Bitcoin’s survival depends on a constant stream of new money (aka victims). Its price is driven by 3 main things: by Tether pumping unbacked USDT, retail FOMO, and the “greater fool” theory—buyers hoping someone dumber will buy at higher price.
It’s a game of musical chairs, and Saylor needs new players! Take the hints and get out while we’re still high.
@juliethardt I would say that is a definite personal preference and not uniform to all women. Definitely not. Saying WE don't like this is irresponsible and a hubris filled statement. It's leaving yourself open to scrutiny, it's rather presumptuous to speak for all women in this instance.