RE: IPO price19 Jun 2022 12:41
B1nky, everytime I try and give you the benefit of the doubt when I read your posts, I realise I'm just being stupid. Either there is something clearly wrong with your understanding of the financial markets, or you do infact have an agenda.
Bitcoin will eventually run past 100-150k at some point, but it will take a few years, but as with all significant changes in history, it'll become the norm in society, but as with most things, price discovery is important, as well as flushing people out at lower levels during times of economic downturn. It's pretty obvious that larger organisations will be using this drop to add BTC to their balance sheets.
As for the IPO target, the world has changed for the time being yes, but the world changed in 2000, and in the 2008, and eventually got back to normal again. Amazon dropped from $4 to $2 during 2008/2009, does it suddenly mean because the world changed, it was worth face value in the long run?
The world changes but the markets NEVER change, if you have a business that can generate revenue at a large scale and revenue above their MCAP, you are likely to be on to a massive winner, these companies that generate huge revenues take a little while to sort their profits out but when they do, they become absolute monsters. Meanwhile some businesses can't even generate revenue at 50% of their MCAP!
I actually don't know why I'm spending my Sunday morning typing this post out, I'm frankly shocked at the level of understanding of basic economics.