1/ Economists and traditional valuation experts claim that for most anything to be *valued* it must have cash flows.
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Whats equally bad if not worse is that people use arguments against crypto that could be used against stocks. Eg. This investment banker argued that crypto misses the very basics of business: making revenue. Pretty sure google, amazon, facebook, etc had the same issue once.
Umm...to liken a growing company with revenue and positive unit economics to a currency in expected future cash flow is so wrong I don't even know where to start.
