After scrolling for ages, what really made me stop and think wasn’t all the Fed’s hawkish talk. It was a hypothetical Coinbase floated on X on November 14: if SpaceX and Tesla really did merge, the combined company would have 30221 $BTC on its books—worth more than $2.2 billion at current prices, putting it sixth among publicly traded companies by holdings.
Whether they merge or not is another matter, but putting that number out there shows the narrative is clearly running ahead of reality again.
The Fed has been sending signal after signal these past few days, and the disagreement over whether to raise rates in December—and by how much—is plain to see. At a time like this, I don’t find it strange for $BTC to swing around. $ETH and $ZEC are moving along with it; no one has managed to avoid the turbulence.
I really can’t say which way things are headed. I’m just a little dazed by the thought that something that hasn’t even happened yet has already been factored into the holdings rankings.
Whether they merge or not is another matter, but putting that number out there shows the narrative is clearly running ahead of reality again.
The Fed has been sending signal after signal these past few days, and the disagreement over whether to raise rates in December—and by how much—is plain to see. At a time like this, I don’t find it strange for $BTC to swing around. $ETH and $ZEC are moving along with it; no one has managed to avoid the turbulence.
I really can’t say which way things are headed. I’m just a little dazed by the thought that something that hasn’t even happened yet has already been factored into the holdings rankings.