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by MintPattern 3106 days ago
> Bitcoin isn't growing in value because it represents shares of a business that makes real money.

With bitcoin, you’re investing in whomever the individual is on the other side of your trade. I hope some of these techies become rich enough to take government positions.

Why do the assets behind a company matter? In the event they go bankrupt and have a liquidation event, first their assets will go to loan-providers, then to bond-holders, then to private preferred stock holders, then finally if there are crumbs remaining, to public common stock holders.