Game theory is in full effect.

Tech giants will not buy Bitcoin at 100k

They have literally billions to throw at anything they want.

Let's say you're on the board of Metazon or Googlsoft

10k Bitcoin is a good starter, currently it's worth one billion dollars, that's nothing to these guys, it's chump change.

We're too early, no massive companies are embracing it yet.

Silicone valley wants to see other huge companies invest first.

They can afford to wait.

When Bitcoin is at 5 million dollars per coin, that's utterly out of the reach for most investors globally.

That's a 50 billion dollar investment and by that point the Tech industry would see it as a safe bet.

The fun part will be watching the suits watching the suits, all of them waiting for the other to go first.

Reply to this note

Please Login to reply.

Discussion

Great, more for the average person. Or at least for the ones that have the humility and insight to open their mind up

How strange! Big Tech became big via first-mover advantage, but with Bitcoin they want others to go first!