|
Energy Investing
|
![]() |
![]() ![]() |
![]() |
|
||
![]() |
![]() |
CryptoIf Bitcoin (or name-your-cryptocurrency) were forced into bankruptcy tomorrow, what assets would be available after the forced dissolution to distribute to the coinholders? 100%? 10%? Even one percent? Now for a public corporation that holds crypto coins on its books, at what level of fair value should these coins be held on its books? 100%? And for a bank that lends to crypto-investing entities, what kind of impairments should that bank record to account for the inherent financial risk of those entities, that invest in something with no inherent value on the presumption that demand for it will exist tomorrow? Oil companies by law have to record impairments when valuations fall below book value. So do natural gas companies. So should everybody else. Where do people assume their investment into crypto goes? Into some managed fund with a hyperbolic curve in its holdings? Sorry, it goes into the construction of hundreds of data centers, huge electric bills, commissions, and prior holders many of whom bought far lower than you. -Rob |
![]() ![]() ![]() ![]() |
return to message board, top of board |
Msg # | Subject | Author | Recs | Date Posted |
488764 | Re: Crypto | billege_idiot | 1 | 3/18/2023 11:32:06 PM |
488765 | Re: Crypto | steady | 5 | 3/18/2023 11:40:21 PM |
488773 | Re: Crypto | johnnyironboard | 0 | 3/19/2023 9:01:28 AM |