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Originally Posted by No one
Not everything that's in limited availability is in high demand/cost. Look at artists' works: only a few are recognized as masterpieces and cost insanely. Those who have them can't tell them from fake/shit  , but some still can and that must be what's making the value. You can make hardware from gold and wear it.  What about "bitcoin" whatever you mean by that?
Stocks and derivatives are ultimately connected to valuables (goods or services), aren't they?
I think the "pandemic" is a valid contender. |
Can you honestly say that when so many educated/trained economists are being baffled on how the market is acting lately?
Maybe after looking at Gamestop/AMC/Nokia, all pre-historic companies that provide low to zero value to customers in 2021 it'll make less sense.
Stocks/securities bring zero added meaning other than people feeling safer about supply/demand equilibriums because "there's something tangible behind it".
It's also funny to see how so many people who prefer stocks/securities with 2-3% returns annual say they prefer it because of the tangible aspect, yet do not understand why NFTs are popping today.