> And if you don't cherry pick a time period which contains a market crash?
This chart covers January - November and includes an almost 50% drop in march. And it is still not as volatile as e.g. TSLA.
>stocks represent a real stake in a real company which may generate real cash. Crypto is thin air and trades on the greater fool theory alone.
There is no such thing as "real cash" - you can exchange Bitcoin for dollars like you would with stocks.
The reason Bitcoin is worth as much as it is, is precisely that many Bitcoin "hodlers" are not selling, because they understand that Bitcoin has a fixed supply while the USD continues to inflate, which increases wealth inequalities and enables government to spend money with less democratic oversight. The rich get bailouts they use to buy up stocks and real estate in order to protect themselves. Poor people who can't afford this and who are sick of this are the ones buying Bitcoin.
>This chart covers January - November and includes an almost 50% drop in march. And it is still not as volatile as e.g. TSLA.
...and if you don't cherry pick one of the most volatile, well known stocks in the market? We can keep doing this, but TSLA is not "the market", it's a single company and trades completely on hopes and dreams. It's not a good surrogate for every other company.
>There is no such thing as "real cash" - you can exchange Bitcoin for dollars like you would with stocks
Yes, you can trade fake currency for real currency so that you can actually use it. And companies represent real assets; BTC is thin air. This is not a difficult concept to understand. BTC has _zero_ intrinsic value as an asset.
>The reason Bitcoin is worth as much as it is, is precisely that many Bitcoin "hodlers" are not selling, because they understand that Bitcoin has a fixed supply while the USD continues to inflate, which increases wealth inequalities and enables government to spend money with less democratic oversight.
Stocks hedge against inflation as well, so do many other asset classes. BTC trades like it does because a whole lot of people want to get rich quick. Of course some people share your opinion, but we're talking about something that provides no actual value.
If you have to trade it in for a currency you can actually use and it goes up with inflation then... it's no different than stock in a good company from that perspective. It goes up more because it trades 100% on speculation and the greater fool theory.
This chart covers January - November and includes an almost 50% drop in march. And it is still not as volatile as e.g. TSLA.
>stocks represent a real stake in a real company which may generate real cash. Crypto is thin air and trades on the greater fool theory alone.
There is no such thing as "real cash" - you can exchange Bitcoin for dollars like you would with stocks.
The reason Bitcoin is worth as much as it is, is precisely that many Bitcoin "hodlers" are not selling, because they understand that Bitcoin has a fixed supply while the USD continues to inflate, which increases wealth inequalities and enables government to spend money with less democratic oversight. The rich get bailouts they use to buy up stocks and real estate in order to protect themselves. Poor people who can't afford this and who are sick of this are the ones buying Bitcoin.