Originally Posted by
Kinnikinnick
The thing is that even if in bubbles these other classes of asset actually have some underlying value and when they crash they will bounce back to that true value eventually. Stocks are worth some multiple of the profits the company can generate, Houses are worth what they can generate in rent, Gold is worth the jewelry and industrial uses can generate.
What are crypto currencies worth? ONLY what the next guy will pay you for them. And if that’s $0, then that is what they’re worth.
Oh yeah but they are unsinkable like the titanic.