A special meeting in the industry. In that meeting, a company executive was worried that if the company’s stock continues to rise, it could be a huge risk on the design team retention. In most microelectronics companies, designers are the elite teams; they get generous stock options. The challenge is that as company stocks accelerate, stock options make people richer.
For the executive, some of those designers could just cash out and resign, because they have become rich. And if that happens, the company would struggle. He explained his experience during the 1990s how he lost a team because the engineers became rich via stock options, and resigned. Follow me…
Now that Bitcoin has touched $60,000 and could keep growing, what happens to national productivity if people buy coins, and just wait for parabolic returns? For company stocks, at least you are sending money to companies to help them continue to operate and expand, but on coins, it is an entirely different thing. Yes, no real product is created even though you believe that someone will buy the coin later from you at a higher rate. How will that affect national GDP as you can have zero economic activity and still deliver a massive income?
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Crypto Capitalization Recaptures $2 Trillion Market Cap as Price of Bitcoin Climbs Above $58,000
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