Comment on OpenAI scraps controversial plan to become for-profit after mounting pressure
doodledup@lemmy.world 1 week agoI mean, he lost an entire country BIP worth of money in a single day. Some people still think he has it all in cash on his bank account or something. Either they are incapable or they don’t want to understand how the world’s economy and market works.
toastmeister@lemmy.ca 1 week ago
People are also skeptical of the price of bitcoin for some reason, as if the financial system isn’t all make believe.
doodledup@lemmy.world 1 week ago
It’s all psychology. But the difference to Bitcoin is that it is grounded in reality. Since the existence of the stock market, every stock eventually converges to its real valuation based on revenue and productivity. The converging of Tesla has already started as the overvaluation has started to correct itself.