Hilarious...now if every company does this we could literally get a parabolic straight up vertical move to dow 100k. It will be the most massive rally the world has ever witnessed. You would see every company see its stock price jump hundreds of percent.
Exactly right! Now this could be a little bit of a repeat from 2000 with companies just putting .com in their name, so this could be seen as just hype, but lets look at it a different way. When those early internet companies just put .com in their name, nothing really changed. The company still had to innovate, provide a service, make sales, generate profit, etc. But if you buy a few billion $ in bitcoin, you have it on your balance sheet. Then when bitcoin does a 10x, you have massively increased your balance sheet. The fact that the stock price can jump so much I think shows that the market believes bitcoin will be at a much higher price in the future. The company literally doesn't have to do anything but hold it, so its way different than adding .com in your name. One requires a major change to your business to actually earn that .com title, the other requires just holding the asset, which is a much easier proposition. So now you have to wonder, why shouldn't every person copy this strategy and put a little bitcoin on their personal balance sheet? When everyone has a bit of bitcoin, everyone is invested in making it work, and when bitcoin works as the underpinning of the entire global monetary system, we enter a new area of prosperity and freedom. The race is on to accumulate bitcoin. Don't be the last guy staking. I saw the best quote the other day. "Bitcoin is like a game of musical chairs where only a few people have realized that you should sit on the chairs to win". And this is exactly right. You don't dance around the fucking chairs waiting for the music to stop because you might not get a chair. You sit on a chair now and wait.