Cart-before-horses applies to the entire stock market mate.. your argument doesn't really hold up..
Investors often don't care if the end application / usage of something is or isn't possible.. they do care though if it exists, works and has potential..
Just look at bitcoin!
Merchant Funds Management, page-22
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Last
4.9¢ |
Change
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Mkt cap ! $50.69M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 4.8¢ | $180.7K | 3.515M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1625764 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 98041 | 1 |
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