this post was submitted on 18 Jan 2025
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[–] [email protected] 9 points 2 days ago (1 children)

It hasn’t made him $25 billion. It’s acting more like the market cap of a stock. If there were a mass sale it would drop in price and he wouldn’t make that make since it’d quickly devalue the same way a run on a stock would.

[–] [email protected] 3 points 2 days ago

Yeah. The headline is weird, "apparently" is doing way too much work and needs to be replaced with some other more accurate word. I thought about editing it but I couldn't come up with a clear way of phrasing it. But yes, the true value is somewhere between $0 and $25 billion, probably closer to the lower end.