Re:The Bitcoin Investment Thesis Is Broken
by grumple on Tuesday May 24, 2022 @10:29AM
(#31492602)
When's the last time a major index lost 50% of its value? - 2008 crash due to deregulation
Does it happen every two years? - obviously not
Are stocks intended to be currency? - no
Stocks also are attached to real property - ownership in a revenue / profit generating company and their assets. Crypto is only a vehicle for speculation.
A currency should not experience regular crashes or explosions of value. Assets are generally more volatile by their very nature.
Does it happen every two years? - obviously not
Are stocks intended to be currency? - no
Stocks also are attached to real property - ownership in a revenue / profit generating company and their assets. Crypto is only a vehicle for speculation.
A currency should not experience regular crashes or explosions of value. Assets are generally more volatile by their very nature.