...the smartest Wall Street stalwarts are onto that Ponzi.
...intrinsic value in terms of cashflow which those stocks do not yet have, so they are speculative in nature and any price move up in the interim is because hodlers believe it will come. The audience is limited to ASX participants only with limited firepower.
...BTC (not crypto) on the other hand may have arguably dubious (or rather non unanimous view on) intrinsic value but with time, they could prove to be the digital gold that receives mainstream acceptance. So arguably speculative as well BUT the audience is large and getting larger on the premise of endorsement of the US Govt. Huge firepower driving prices higher.
...any different from taking a ride with a specky that everyone thought is worth a lot but in actual fact not or not worth the valuation they were taken to? You've been on so many yourself, but you know when to exit.
...I reckon BTC has a longer lasting power with exuberance than many of our ASX speculative hopefuls. In its history to date, BTC has shown capacity to rise multifold after halving before crashing then rising again with higher highs over the longer run.
