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Apple presumably isn't misleading investors, so its market cap is accurate. Valuations are really just numbers based on supply and demand, so if everyone wanted
by Aunche 6y ago
Apple presumably isn't misleading investors, so its market cap is accurate. Valuations are really just numbers based on supply and demand, so if everyone wanted to sell Apple it would be worth nothing.
- mikeyouse 6y agoWhat crypto enthusiasts miss is that owning a share of Apple grants you a right to a portion of their current cash + future profits (net of debt). A Bitcoin grants you nothing but that Bitcoin - that’s what people mean when they say stocks have “intrinsic value”. Apple will never go to zero because they have a boatload of cash and the ability to make more. If there are fewer shareholders, existing ones just get a larger portion of the profits but the market cap will never drop below the current cash - debt.