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That argument could be applied to anything What you're really looking for is the fact that Apple shares have an intrinsic value related to the company's assets
by VRay 6y ago
That argument could be applied to anything
What you're really looking for is the fact that Apple shares have an intrinsic value related to the company's assets and future cash flows. Bitcoin, on the other hand, has an intrinsic value of zero, so it could theoretically plummet all the way to zero. Same goes for some companies' stocks
- whatshisface 6y ago>That argument could be applied to anything Yeah, it could be applied to anything. Its conclusion is true for everything. Prices will not actually go to zero when everyone sells, unless there is no intrinsic value.