In my mind there has always been the possibility that Bitcoin doesn’t “settle” which has been my number 1 risk since day 1. There really isn’t any precedent for crypto so I’m ultimately not sure what happens to it. It is a speculative asset so it’s not surprising it’s dropping with other speculative assets.
I’m keeping a position, but I’ve trimmed pretty significantly. Good management, but they are at the mercy of a digital commodity they are tied to with ASIC’s. If Bitcoin falls apart badly enough it may be hard to transition to their long term batch computing plan.
I’m not convinced Bitcoin is digital gold at this point, and it functions poorly as a currency.
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