Exactly. No fundamentals. Pure speculation. And again. I own btc. But there are no intrinsic economic forces creating its "value" https://twitter.com/atommorgan/status/817228570766483456 …
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multiple years of steady dividend growth from hard assets is real value what are you taking about?
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Well, what he means is that the market always sets the value based only on supply and demand, nothing else.
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sure on a day to day basis. But long term fundamentals rule.
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fundamentals not inherent to anything Valuations by investors differ Why prices exist Hierarchy of fundamentals
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I tried sticking as many statements into a tweet as possible, verbs lost, IDK if any meaning left at all...
End of conversation
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Exactly there is a hierarchy of value. And materials WITH consumptive anchors will always be better as money.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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