The money is only 'lost' if A) they bought BTC at > $19 B) they did A AND sold today, or C) the price never recovers to $28 USD.
I would assume given the types of people that BTC would appeal to that they presume the US will persue a very expansionary monetary policy for the foreseeable future. Maybe the gov't announced news that would suggest raising interest rates or balancing the budget.
It could also be a sign that people are starting to do hedge fund type operations with BTC. If you wanted to invest heavily in BTC using a few hundred K to depress the price may be advantageous given the instability of the currency.
Comments
The money is only 'lost' if A) they bought BTC at > $19 B) they did A AND sold today, or C) the price never recovers to $28 USD.
I would assume given the types of people that BTC would appeal to that they presume the US will persue a very expansionary monetary policy for the foreseeable future. Maybe the gov't announced news that would suggest raising interest rates or balancing the budget.
It could also be a sign that people are starting to do hedge fund type operations with BTC. If you wanted to invest heavily in BTC using a few hundred K to depress the price may be advantageous given the instability of the currency.