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I don't think so because the entire stock market would collapse if the reserve banks stopped printing money. Smart people look at Bitcoin and Ethereum and thin

I don't think so because the entire stock market would collapse if the reserve banks stopped printing money. Smart people look at Bitcoin and Ethereum and think "wow that's inefficient, if the banks raise interest rates, they're going to get wiped out" but they don't realize that most corporations are just as capital inefficient and are in the same position. They are both unprofitable, therefore both worthless... Does it matter that one may be slightly less worthless than the other? The intrinsic market cap (if we had a free market) would be less than 0 in both cases.

cryptica 6y ago
Not sure why this is being downvoted. Before the pandemic, the Fed tried to wipe out the crypto space by raising interest rates... Then when they realized that their policies were threatening to take out the entire stock market instead, they decided to suddenly drop interest rates back to 0. It seems like the Fed was trying to find a sweet spot of interest rates which would wipe out all speculative investments but would allow non-speculative investments to stay afloat... They simply didn't anticipate that stocks might be more speculative than crypto.