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The stock market goes up because the world economy goes up, allowing companies to make more profit. Someday that might stop, but it’s been going strong since th
by brokencode 4y ago
The stock market goes up because the world economy goes up, allowing companies to make more profit. Someday that might stop, but it’s been going strong since the industrial revolution.
Cryptocurrencies don’t have that kind of track record. They also provide dubious value to society at best currently.
- bobthepanda 4y agoAlso this is true of the American stock market, where companies * represent a broad swathe of the diverse American economy and more or less correlate with it as a whole * have to issue regular, public, audited statements about their balance sheets Crypto is none of those things.