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by supermdguy 3032 days ago
No, but he's certainly hoping that others, possibly including himself, will value Coca-Cola, thus increasing its worth.

Similarly, those who buy into cryptocurrency will ideally hope that others will value it as a viable alternative to fiat, thus increasing its worth. This is in contrast to buying into crypto because its worth measured in fiat is increasing on an exchange.

1 comments

Specifically they will value the cash flows that the business produces.

Is there a Godwin's law for crypto in HN discussions?