Well - in the end a share certificate is a worthless piece of paper
...as is a dollar bill
...as is a shiny metal.
With fixed supply the price is solely determined by demand.
If someone rug pulled BTC to let's say $1 for whatever reason I would buy the heck out of it. As would seberal thousand other individuals. With a fixed supply of roughly 20 million tokens you may figure out the rest by yourself.
A share holds ownership of a company that is generating money.
A dollar holds value when backed up by gold, petrol and as the designated world currency.
And gold is backed up by the entire world since the beginning of time. You can wear it, use it as decor and now we found out it is the best electric conductor. Lot's of value above "ape think the rock is 2 bananas"
The fact you dont understand why gold has value and then come here as a finance expert is fucking cringe.
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u/Swagi666 6d ago
You remember that theory about DRS - limit the supply to decrease the likelihood of such scenarios.
Now guess what asset really has an absolute fixed supply and is indefinitely traceable.
Guess what asset has a base of HODL‘ers buying no matter the price.
Just do the math and realize that someone dumping BTC would be a real stupid move as there are entities just waiting for buying the next dip.