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Veteran Investor Compares SpaceX, Bitcoin as Similar Bets on Future, Notes SpaceX Holds 18,712 BTC

GateNews
Market AnalysisStocks
BTC0.36%
According to macro investor Jordi Visser, who spoke with Anthony Pompliano on June 20, SpaceX and Bitcoin share fundamental similarities. Visser noted that both assets are based on belief in the future rather than current fundamentals and lack traditional valuations. SpaceX, which went public in May, holds 18,712 BTC on its balance sheet, the eighth-largest among publicly listed firms. "SpaceX and Bitcoin are basically to me the same thing," Visser said, adding that "when something doesn't have a valuation, it can't be overvalued or undervalued." He cautioned that Bitcoin currently lacks momentum and remains in bear market territory until reclaiming its 200-day moving average. At press time, Bitcoin traded at $65,000, up 1.3% in 24 hours, while SpaceX stock fell to $167.85, down 9% on the day.
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