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> 1) no benefit in the meantime for the holder (such as a dividend or direct utility from the thing itself - a painting can be hung on a wall to look nice) Tha
by AnonC 5y ago
> 1) no benefit in the meantime for the holder (such as a dividend or direct utility from the thing itself - a painting can be hung on a wall to look nice)
That point in the quote doesn’t make sense when you consider holding a stock like Amazon or Salesforce that never pays dividends. Are those stocks then the same as crypto? It seems like an oversimplification. Bitcoin, with this point, is just purely a “growth stock”.
- H8crilA 5y agoIf they will never pay dividend or get their stock bought back, or get acquired, or [some other obscure way of paying shareholders] then their stock is worth exactly $0, yes. The key word is "if".