Caution on Overvalued Stable Coin Network Prospects for BTQ

about 2 months ago

Martin Shkreli

"If somebody came to me and said, 'Martin, I want to make a stable coin network.' I said, 'Cool, man. Uh, you're doing a preede, you don't have much work yet done. Couple million maybe you spent, maybe you're doing a seed. What's the valuation?' If they said a million, I'm sorry, if they said a billion, I would slap them in the face. If they said 10 million, 20 million, I'd say, 'Okay, I'll kick in a million.'"

The speaker sharply criticizes the idea of launching a stable coin network at a high valuation. He implies that if the valuation reaches around a billion dollars, it is unacceptable, suggesting that the company, BTQ, should be valued at a much lower level before it is considered a viable investment.

Related Stocks