I'm interested to know what this surge in Alphabit (ABC) means.
I really have no idea. Just recently, First Bitcoin Capital (BITCF) was halted because it soared too fast. We know that BITCF owns 95% of Alphabit and a day ago, Alphabit was valued at around $5 billion. However, one day later it is valued at $50 billion, with a peak of $80 billion.
Either my calculation is completely wrong, or BITCF should soar 50 times when the suspension is lifted on 7 September.
I really have no idea. Just recently, First Bitcoin Capital (BITCF) was halted because it soared too fast. We know that BITCF owns 95% of Alphabit and a day ago, Alphabit was valued at around $5 billion. However, one day later it is valued at $50 billion, with a peak of $80 billion.
Either my calculation is completely wrong, or BITCF should soar 50 times when the suspension is lifted on 7 September.
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