[Blackthorn]

No, it isn't. Dividends are only one way for stocks to return value. There are also buybacks and mergers.

[IronKettle]

Er, buybacks and mergers both involve a "greater fool" (either the company itself or the acquiring company).

[jhwang5]

Isn't it obvious that buying shares in a public company gives you proxy, fractional ownership of a business that's generating cashflow? You don't get that with crypto. Crypto, on the other hand, literally requires someone else to take you out in order for you to profit.