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Oracle is a clever rumor and it makes sense since he is a large...

  1. 11,935 Posts.
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    Oracle is a clever rumor and it makes sense since he is a large shareholder of Tesla.
    I reckon public companies are taking a risk buying bitcoin with shareholders money though. Shareholders are fine as long as things work out. If it melts, they will want to know why you speculated with their money. If it keeps going, management are awesome etc.
    These sorts of super high wealth guys are so rich and so well connected that i am sure they already own some privately. If they lose, they just write it off their tax. I wish i bought some like most people. My son has a coin account and I almost bought 100k of Ripple in the 20c range only to watch them hit a $1 in no time. I would have sold them way cheaper than that because i have no idea how to value it and the returns would have been awesome in such a small period of time. I actually hope the people who own coins do well. Its great to get it right.
 
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