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by MagnumOpus
3086 days ago
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It is technically right. However, even in a 100% firesale, they could make - say - $10bn to $20bn, because the fundamentals of their companies' earnings and dividends would entice sufficiently many new investors to step into the market. Cryptocoins have no such fundamental value backstop - someone desperately trying to sell a large fraction of the market cap would drive the price to basically zero in short order. |
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