Quote:
Originally Posted by InfoGuy
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.
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That still does not change fact how stock value can skyrocket for no other reason but hype.
But i know what you saying here , how crypto does not have a "base" value when you remove value caused by hype. But the thing is, bitcoin was supposed to be an alternative payment system, not a investment currency.