Google stock has a lot of signals for price: profit, user retention, growth, outlook, leadership, new products, etc. And of course a level of FOMO if people dec

Google stock has a lot of signals for price: profit, user retention, growth, outlook, leadership, new products, etc. And of course a level of FOMO if people decide that google is the next big thing that may irrationally drive up the value for years. Bitcoin has a single signal for price: Price. That's why people get in and drop it. This can make for certain feedback loops. But not only in one direction. (that it also has some uses has so little bearing on its price action that its hardly worth mentioning from a price perspective. The two do not correlate, eg, a 50% drop in bitcoin does not mean 50% or even 5% less usage to transfer money from A to B)