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by Mistletoe 628 days ago
> In finance, the greater fool theory suggests that one can sometimes make money through speculation on overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price.

They just need one more set of people past them to buy it. I know lots of uninformed people that would jump on it thinking they are “getting in early”.