This round-tripping bullshit was categorically insane before, and yet the bubble keeps growing and growing. I have no idea what the fuck to even think anymore. This is more divorced from reality by an order of magnitude than the .com bubble. What even are financial markets even for nowadays? What is the fucking point if this is the thing the markets think is worth pouring truly stupid amounts of money into, when it’s CLEARLY not only unprofitable with wildly inaccurate estimates of capital asset depreciation (GPUs will get smoked or be obsolete WAY faster than a 5 year timespan), but also just… such unbelievably obvious snake-oil bullshit? Like, I’m sorry, no, there’s zero way you can convince me that this is an even remotely reasonable valuation.