> There is no requirement that stock price behaves in this way. Obviously... but the reason you use the language "not a requirement" is because everyone knows

> There is no requirement that stock price behaves in this way. Obviously... but the reason you use the language "not a requirement" is because everyone knows that's typically how it works. Obviously there are various factors that impact a stock price, but pretty much all of them are a function of expected future revenue. If Apple were to announce a VR product line tomorrow, the stock price would instantly climb because investors would make a judgement that this new product will generate future revenue. With cryptocurrencies this dimension does not exist. > And there are many things that a crypto can do to increase its value, for example Even if we grant that these things might amplify the utility of a cryptocurrency, it still doesn't change the fact that buying cryptocurrency does not facilitate productive work, it's merely an exchange of value between two people, no wealth is created. When you invest in a company, you're giving it fuel to grow and create wealth by adding desirable goods and services to the economy. I understand that you believe cryptocurrencies provide a useful service, and even if we grant that, buying cryptocurrency does not make it more useful, it's simply shuffling bits around.