No. Stock market may look like a ponzi where one buys stocks in companies only in the hope of selling them to higher value to someone else at a later date, the value itself doesn't come from that. The value comes from future prospects of a company's actual business. A company's shares can't go on rising infinitely if it has no solid business. Why is Meta sinking? The fundamentals of its core business are looking vulnerable. Why do companies like Apple/Microsoft/Google/Amazon eventually rise? Because they are market leaders, have strong profits and they keep innovating.
Even if a company is loss making and doesn't pay dividend, there will be someone who would be interested in acquiring the company to actually run it and not just just to flip it to a bigger buyer at a later date. That is why Musk paid $44B for Twitter. Because after all is said and done, it is still the most influential social network amongst the people who matter. Owning it has a value for someone like Musk. That value comes from the activity that Twitter conducts and not the demand for its shares.
In crypto value comes only from the demand. In stock, demand comes from the value being generated by the company.
Even if a company is loss making and doesn't pay dividend, there will be someone who would be interested in acquiring the company to actually run it and not just just to flip it to a bigger buyer at a later date. That is why Musk paid $44B for Twitter. Because after all is said and done, it is still the most influential social network amongst the people who matter. Owning it has a value for someone like Musk. That value comes from the activity that Twitter conducts and not the demand for its shares.
In crypto value comes only from the demand. In stock, demand comes from the value being generated by the company.