Bitcoinand other speculative assets such as stocks do no generate wealth.
Did I miss the standard definition of "wealth"? I know a lot of people define their wealth in terms of how much they have in the stock market/bitcoin/whatever other investment. If Berkshire Hathaway crashed to $1 today, you don't think there would be reports all over the place that Warren Buffett had lost most of his "wealth"? Sure they would.Just like paxmao said above, the price doesn't reflect wealth, but the expectations about the future wealth of the company's stock.
Market price is not the "price " of the wealth, but the expectations of the wealth in the future.
The wealth of a company are measure by their anual balances, which have some impact over their shares price
the price doesn't reflect wealth...
Real 'wealth' is often defined by your own standards, and it is nice to know some people still understand money isn't everything.
