[lostmsu]

> Bitcoin has no intrinsic tie to the financial markets.

Not an obvious one for sure.

> The financial markets are all based on ...

> Bitcoin is based on ...

I don't understand why people consider this to be any kind of argument. The very same one also applies to AI discussions and comparing hardware used to run it to brains.

What does it matter what the thing "is based" on? Gas turbines, photovoltaics, and nuclear reactors are based on completely different phenomenon, and yet they all generate electricity.

I think you missed the whole point of my previous comment. Maybe the analogy was unclear? What do you think I was trying to say?