[brokencode]

Nope, not at all. Stocks represent partial ownership of a company. If you buy all the stock for a company, you own the company. Companies are valuable because they (ideally) make a profit for the owners.

Bonds are valuable because the company or government that issues them signs a contract to pay out a certain amount on them. They won’t always do that, but thats why we have rating agencies to help investors understand the risk.

The closest equivalent to crypto in traditional assets is probably precious metals and gemstones, though even those typically have some industrial uses to drive demand.

Diamonds are a great example of the downside of looking at the market value of something alone. The natural diamond market has been massively disrupted by the rise of artificial diamonds and diamond alternatives.

[desumeku]

Great argument. "I don't believe it has value, so it doesn't." Well, keep telling yourself that. I'm sure you feel just as smart as you did when you dismissed bitcoin at $1,000, and you'll feel just as smart dismissing it at $1,000,000.

[brokencode]

I’m not dismissing it. I’m saying that it’s different than traditional investments since most of the potential uses are still speculative, whereas it’s pretty obvious what value you can get from ownership of a company or a barrel of oil.