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this post was submitted on 13 Jun 2024
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Technology
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GameStop also went up. It doesn't mean GameStop is a good company that's valuable to own, it just means that dumb people will buy things without value if they think they can eventually pass the bag to someone else. If someone purchased every share of Amazon they'd own a massive asset that would continually produce value for them. If someone bought every outstanding Bitcoin, it both wouldn't produce ongoing value, but the value would actually go to zero.