Chris Hayes broke down a plan by Republican legislators to transfer billions of dollars of taxpayer money to owners of Bitcoin in exchange for their holdings.
There is no such thing as a “correct” value. That’s just market ideology - believing that there’s some “objective” price that will eventually prevail.
If everybody sold their stock in any company at the same time, the market would collapse. The price at exchanges just represent how much people are willing to buy/sell at the current time. This is constantly changing based on endless, objective and subjective factors.
There is no such thing as a “correct” value. That’s just market ideology - believing that there’s some “objective” price that will eventually prevail.
If everybody sold their stock in any company at the same time, the market would collapse. The price at exchanges just represent how much people are willing to buy/sell at the current time. This is constantly changing based on endless, objective and subjective factors.