Why is their stock surging?

It’s important to step outside of our own bubbles once in a while to understand what the reality of things is. Bitcoin is a marathon not a sprint. As long as its future is hinged on the thing it seeks to replace, it’s going to have a tough time accomplishing that.

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NVIDIA is crushing their revenue expectations and chip manufacturing can barely keep up.

True that too. Bitcoin shouldn't be, in best theory, priced in fiat dollars. Good point.