4 ms·
I find it odd that someone would make a comparison between bitcoin and other financial assets, as if bitcoin was just another financial asset and its theoretica
by lottin 1y ago
I find it odd that someone would make a comparison between bitcoin and other financial assets, as if bitcoin was just another financial asset and its theoretical price wasn't zero... which is a pretty big market anomaly. Normally, when you find a market anomaly, you try to explain it. But these analysts, they pretend that there's no anomaly. They just don't talk about it, in the hopes that nobody will notice.
- jeanlucas 1y agoWell, what should they compare it to then? Good has a value much higher than its use and most of its current value is just the faith that it is a store of value. But I don't find odd comparing gold's return to s&p
- lottin 1y agoIt could be compared to other assets in the asset class of assets that have no intrinsic value (e.g. other crypto-currencies). I think that would make sense.