[Kiro]

Can we just stop for a moment and look at what people are actually trading here? A decentralised protocol upheld by a cryptographic function. This can't be compared with any stocks or commodity. Maybe the crash will be the same but it is still different.

[beaconstudios]

stocks and commodity holdings are just protocols too though - not technical ones but legal/contractual ones. It's still pretty crazy though given bitcoin doesn't even have a major (legal) use to anchor it.

[kgwgk]

But it can be compared with other decentralised protocols upheld by cryptographic functions, so it’s a commodity of sorts.