like tesla

beervirus · on July 8, 2021

Tesla has future cash flows. Bitcoin is ones and zeros.

doublejay1999 · on July 8, 2021

I don't know if you think its clever somehow, to wilfully avoid the point & attempt a low brow straw man, but I can tell you that it isn't.

beervirus · on July 8, 2021

Oh I’m sorry. What was your point?

And I don’t think it’s a lowbrow straw man to point out that stock has some fundamental value as the present discounted value of future cash flows, and Bitcoin doesn’t.

doublejay1999 · on July 8, 2021

TSLA has far more speculators in the stock than users of the product - which was the criticism levelled at bitcoin by OP

You mentioned TSLA has future earnings, which is true, but it has 12bil of debt of the balance sheet too. Bitcoin has no debt on the balance sheet..

More significantly, TSLA is trading at a normalised P/E ratio of >700. For comparison, FORD is about 14. This says that unequivocally people believe TSLA is far, far, far more valuable that the sum of it's parts. Just like bitcoin.