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> US equities have intrinsic value unlike this BTC garbage! One major difference is the US Gov & public (e.g. pension funds) have much more leverage for holdin
by choppaface 5y ago
> US equities have intrinsic value unlike this BTC garbage!
One major difference is the US Gov & public (e.g. pension funds) have much more leverage for holding US equities liable vs holding crypto liable in a Financial-Crisis-type leverage implosion. While I agree with the suggested notion of "common stocks have no real intrinsic value," when it boils down to opportunity cost, the retail shareholder has probably one to two orders of magnitude less downside in common stocks versus crypto. Unless the U.S. ends up bailing out crypto ... (in exchange for catching tax evasion?)