Meta’s Bitcoin treasury play flops as 99% of shareholders say no
www.dlnews.com
Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
  • UlrichEnglish
    3•1 month ago

    (it was an opinion not investment advice)

    If you did give them advice, would it be different?

    some coin I’d never heard of

    The problem is this person was looking at the market as a whole and then investing in some niche coin. At this point any coin that’s not well-established is mostly likely pure grift.

    • JackbyDevEnglish
      4•1 month ago

      Right, why invest in a rug pull coin when I can invest in an ETF of all the rug pull coins!

      • @[email protected]English
        1•1 month ago

        Bitcoin is the only crypto that has been approved by the SEC to be included in ETFs. So far.

        • JackbyDevEnglish
          1•1 month ago

          So you’re saying there’s a chance? Heh heh heh… Only a matter of time.

          • @[email protected]English
            1•1 month ago

            There are definitely elements of this administration that want to see their particular shitcoin approved. We’ll see. It was quite the epic legal battle to even get bitcoin through that door. The SEC has rules for financial fundamentals that bitcoin legitimately met, which other coins would have a much harder time proving. But, this is the anything goes administration…

            edit - See other user’s comment noting that actually Etherium was also approved for use as a security last year.