Bitcoin makes the stock market irrelevant. Most people buy stocks purely as a SoV, practically none will outcompete bitcoin.
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Replying to @SGBarbour
This is like saying Bitcoin will make Apartment buildings die. It won’t :) Bitcoin’s target for the next 10 years is to “suck value” from 3rd world fiat and monetary metals.
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Replying to @MustStopMurad
This is a bad comparison IMO, apartments provide utility directly related to survival. The only utility a share in a company gives is SoV, of which bitcoin provides more.
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Replying to @SGBarbour
Shares of companies can produce dividends, i.e. income streams.
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Replying to @MustStopMurad
Will these dividends provide an ROI that outpaces an investment in BTC?
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Replying to @SGBarbour
If BTC becomes global world money, BTC will grow 3-4% per year. If you personally think that a business founder is a chemistry genius and can create new medicines, you will still invest if you think the stock can outpace 3%+ annual return if the risk/reward looks attractive.
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Replying to @MustStopMurad
What makes you think it will grow in purchasing power by 3-4% / year? Of course people will still risk their money on perceived profitable enterprises, but most of people’s wealth will not be in the stock market.
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