Ross Gerber Points to SpaceX to Explain Why He Finds Bitcoin Price Predictions 'One of the Funnier Ideas'
Well-known investor Ross Gerber highlighted fundamental differences in how public stocks like Space Exploration Technologies Corp. are valued compared with Bitcoin.
An investor thinks it's funny when people guess where Bitcoin's price will go, because Bitcoin works totally differently than regular company stocks. Companies like SpaceX have real things you can measure and value, but Bitcoin doesn't work the same way, which makes guessing its price much harder.
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