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/biz/ - Business & Finance

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30230888 No.30230888 [Reply] [Original]

How is bitcoin worth more than 8 of the top 10 stocks put together???

>> No.30230937

>>30230888
cause it has a cool name.

unironically thats it.

>> No.30230949

>>30230888
becoz it is

>> No.30231043

>>30230937
Buttcoin is not a cool name

>> No.30231332

>>30230888
Many stupid reasons. It's going to 0$ long term.

>> No.30231515

>>30231332
https://www.youtube.com/watch?v=3Bh3ObPjcFE
ZERO

>> No.30231662

>>30230888
It's not a stock.
It's a currency, or tries to be. That's like asking why x currency is worth more than y stocks.
Right now it's being used as a store of value. The market itself will decide whether this is temporary or permanent.
Apples and oranges.

>> No.30231775

>>30230888
people made it as that.

>> No.30232066

>>30230888
Because people desire to have it. They desire to have it more than they desire those stocks and therefore the demand is greater for BTC and therefore BTC is more valuable.

>> No.30232219

>>30230888
Why is gold worth even 10x more then that

>> No.30232588

>>30230888
There’s too many mistakes in your question to even begin answering it. Go back to your zoom class.

>> No.30232947

>>30230888
there are meme coins with 3x the price of btc like 42 coin, you can literally decide the starting price yourself when launching a shitcoin

>> No.30233079

>>30230888
Stocks are not about their prices but all about their dynamics.

You don’t burn dollars to buy bitcoins. Think of it: each time you buy a Bitcoin for this much, someone is getting your money! Someone is getting richer by that much

>> No.30233426

>>30230888
One day you will understand
I hope sooner than later

>> No.30233453

>>30230888
0000000000000000000000000000000 checked