> The point of my comment was that OP's claim that all crypto profits come from someone else's pocket is false. Yes, but your comment didn't contradict the OP'

> The point of my comment was that OP's claim that all crypto profits come from someone else's pocket is false. Yes, but your comment didn't contradict the OP's claim. The fact that an investor in cryptocurrency may not make a profit doesn't contradict the claim that all profits made by crypto investors come from later crypto investors. And this is only similar to stocks superficially. Yes, some stocks don't generate an income, but a stock is claim on the company's equity and non-distributed profits are automatically integrated into equity. In a well-functioning market, the market price of the stock will adjust accordingly. Therefore it makes no difference whether the profits are distributed or not. What makes a difference is whether the underlying business is profitable. This is not to say that the stock market isn't susceptible to bubbles and speculation. Of course it is, but what sustains a stock's value is not speculation but an underlying business activity.