The main issue is the level of speculation was very high in the first place. So I agree that $2.20 is a possibility but mainly because of all the uncertainty in the markets which have already started to affect the tech sector. That along with it being very difficult to value the business until they start getting paying customers, all hinges on how rapidly and widespread it gets adopted. Normally adoption is a fairly slow process in my experience, people wait to see it battle tested.
The main issue is the level of speculation was very high in the...
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