https://seekingalpha.com/article/...-results-earnings-call-transcript
CEO view on Bitcoin volatility and Phunware(from Thursday ER)
“In fact, over the last 12 years, the US dollar dropped 99% in value against Bitcoin, and even gold, physical gold has dropped 95% in value over the last 12 years. So, while there's volatility in the asset, you kind of have one asset that has a lot of volatility, but goes up on average 200% per year for 12 straight years.”
“So Bitcoin is going to be foundational to preserve value to preserve purchasing power. And I think you should expect that our Bitcoin balance is predominantly going to not only stay where it's at, but it's just going to continue to rise. So when you're asking about variability, don't expect us to be buying and selling and trading Bitcoin. That's not what we do. What we do is we treat it as a strategic asset to preserve protection against inflation, purchasing power, and flexibility. So that's what we're going to do.” |
