The biggest disconnect between crypto adherents and value investors is the phrase “Intrinsic Value”. IV is essentially predictable future cash flows, which no crypto possesses. If the S&P 500 had dropped 70% from its peak like BTC did, it would today be at 1,433. At that price the S&P 500 holder would be earning a nearly a 5% dividend yield and a total earnings yield of over 13%, either getting returned as dividends/stock buybacks or added to their balance sheet. That’s
What drives the crypto market?
What drives the crypto market?
What drives the crypto market?
The biggest disconnect between crypto adherents and value investors is the phrase “Intrinsic Value”. IV is essentially predictable future cash flows, which no crypto possesses. If the S&P 500 had dropped 70% from its peak like BTC did, it would today be at 1,433. At that price the S&P 500 holder would be earning a nearly a 5% dividend yield and a total earnings yield of over 13%, either getting returned as dividends/stock buybacks or added to their balance sheet. That’s