why not? that's arbitrary, especially when the whole stock market is a bubble. seen TSLA lately?

you're thinking in terms of the old paradigm where a bear market = "bitcoin is dead" and a 90% drop in price---not one where bitcoin is popularly acknowledged as a legitimate store-of-value asset next to gold, and where wall street and publicly owned companies are invested in bitcoin.

coinbase is the biggest spot exchange on the american market. if commodities were in a bear market, would the value of CME go to shit? of course not. coinbase is, to mainstream/institutional investors, vital infrastructure in a legitimate new asset class. that's huge.....


i'm certainly in the latter camp, but tbh this is like comparing bond investment with stock investment. there are people who want predictable ROI (bond investors), and there are people who wanna speculate on assets like cryptocurrencies. to each their own.