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Except we're not talking about companies, we're talking about currency. Companies have intrinsic value: they own assets, they produce something of value. Curren
by Denvercoder9 6y ago
Except we're not talking about companies, we're talking about currency. Companies have intrinsic value: they own assets, they produce something of value. Currency does not.
- aplummer 6y agoAre you trying to tell me crypto will not deliver internet 2.0
- lupire 6y agoLook at the market cap of a company in bankruptcy. Assets are a tiny fraction of a going concern's market cap. Facebook's main store of value is eyeballs, which can evaporate quickly.
- GoblinSlayer 6y agoNothing prevents you from selling a company for any price, and sometimes there's disagreement about company valuation.