2 ms·
A lot of strange behaviour on the stock market seems to more or less be "a large enough fraction of investors are bad at math". Crypto buying is one of them: bu
by rcxdude 1y ago
A lot of strange behaviour on the stock market seems to more or less be "a large enough fraction of investors are bad at math". Crypto buying is one of them: buying and holding cryptocurrencies seems to drive up the market cap of a company by more than the cryptocurrencies they are buying (even if they issue more shares to pay for it), so why wouldn't any random company just take the free money?