Stocks pay dividends, or have the potential to pay dividends in the future.
You're right that if you look strictly at the now, it resembles a Ponzi scheme, but there's an underlying intrinsic value that supports a given price. If there's not intrinsic value, price usually collapses in the longer run. E.g dotcom, many of the 200x price sales companies over the last year.
Many growth stocks with valuations far detached from fundamentals are very crypto like. Trading on likeability/goodwill rather than anything real.
The lack of intrinsic value is why Crypto is probably doomed to volatility forever.
You're right that if you look strictly at the now, it resembles a Ponzi scheme, but there's an underlying intrinsic value that supports a given price. If there's not intrinsic value, price usually collapses in the longer run. E.g dotcom, many of the 200x price sales companies over the last year.
Many growth stocks with valuations far detached from fundamentals are very crypto like. Trading on likeability/goodwill rather than anything real.
The lack of intrinsic value is why Crypto is probably doomed to volatility forever.