As I expounded on, a stock is backed by a real asset. Crypto is backed by an intangible phycological feeling. Yes, you can make money off people's insanity, but IMO it will eventually crash.
1. Not every stock is based on a real asset.
2. Even if it is, that asset can very easily have NEGATIVE value.
3. Some crypto does have some inherent value in its ability to facilitate secure transactions quickly and simply. (This runs counter to some earlier statements of mine after further research into the class)
4. Neither means that the asset is worth the current price. Any divergence from the real value to the current value based on speculation is similar between the two. If the potential profit is not based on a difference in inherent value it makes no difference that there is an underlying asset.
