Wednesday, March 22, 2023

A look at Balaji Srinivasan's proposed $1M bitcoin bet, predicting one BTC will be worth $1M+ in 90 days, which makes little sense besides attracting attention (Matt Levine/Bloomberg)

Matt Levine / Bloomberg:
A look at Balaji Srinivasan's proposed $1M bitcoin bet, predicting one BTC will be worth $1M+ in 90 days, which makes little sense besides attracting attention  —  Credit Suisse  —  It is sometimes useful to think that the shareholders of a bank are not its owners; they are just renting it from its creditors.



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Sources: Chinese autonomous driving company Momenta has reached a ~$9B valuation as it gears up to raise ~$1B in an upcoming Hong Kong IPO (Jiahui Huang/Wall Street Journal)

Jiahui Huang / Wall Street Journal : Sources: Chinese autonomous driving company Momenta has reached a ~$9B valuation as it gears up to r...