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by chrisco255
1373 days ago
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Pretty bad example because Elon Musk is currently in court to back out of the deal or get the price reduced. Companies are also regularly liquidated for next to nothing or go bankrupt and disappear altogether (ie Enron, Lehman, et al). There is no such process for cryptos because they are decentralized and no one owns 100% of the supply or has the authority to authorize a takeover. They are more akin to commodities in that sense. Could you buy all the world's lumber supply? Of course not, not even if you were Musk. Ethereum has been a yield producing asset since Beacon chain went live in December of 2020. |
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