Comment by s1artibartfast

I have no problem with bitcoin valuation. It isnt a company intending to create revenue. It is a relatively arbitrary store of value, not an expectation of utility.

Openai would need 15 Billion in profit of 15 billion per year for a P/E of 20 with zero risk, or a 10% chance of 150 Billion profits per year.

Alphabet is about 100B earnings per year. Do you think Open AI has a 10% chance of being bigger than google? it doesnt have a moat, but I guess google doesnt either, it just dominates its market.