> It's about the financial wisdom of We can make the exact same reasoning if we do those steps but instead of buying bitcoin we buy other company's stock. In f

> It's about the financial wisdom of We can make the exact same reasoning if we do those steps but instead of buying bitcoin we buy other company's stock. In fact, this did happen, it was called the merger-mania and happened in the 70s (or 80s? Someone correct me). At the time companies were valued as a multiple of revenue growth, so companies figured they can grow revenue by acquiring other companies. So they would announce they would do it, their stock would jump, then they would acquire by issuing the now-higher value stock. Keep repeating. The world of crypto is reinventing all the scams that were first invented in the real world. It's not even a hypothetical lol If you wanna get even more meta, you could imagine the sole point of bitcoin is someone thinking "I'd like to scam people, but the people who are into stocks are already too literate these days. However, if we could invent an entirely new asset class..."