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Originally Posted by KlenTelaris
I do not agree with statement how it's ponzi scheme. Most accurate description of crypto bubble would
be "stock hype" where stock value can skyrocket due "promising company organization" but once reality come stock value drop to minimum and people who bought when it was hype lose money.
Stocks and crypto is based on same principle, with only difference how stock price can be affected by company business moves. Funny how you mention Bill Gates, since microsoft accept bitcoin.
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You're comparing apples and oranges. Stocks (usually) represent shares in companies that have sales, profits and various assets with a tangible value. The intrinisic value of crypto is zero. When Bitcoin was at its $19k+ peak, its market value was absurd and greater than Walmart, the biggest retailer in the world.