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by epa 1919 days ago
What is a tech stock's inherent value? They typically lose money and have a ton of employees. How is bitcoin different? You are investing in a technology with a group of people who are supporting it. As more people agree it is useful, the price goes up. Same thing as a stock.
1 comments

Tech stocks aren't stores of value either. They're investments. No matter how speculative they are, the company is expected to return its profits back to the shareholders.
Now we are just playing with semantics.
From an purchaser's perspective, Bitcoin may be indistinguishable from a meme stock, but behind the scenes it's entirely different. You can't store wealth in a company because the company requires wealth the operate.