While Bitcoin doesn't provide dividends or traditional cash flows like stocks, its scarcity, decentralized nature, and potential adoption as a store of value can contribute to its perceived long-term growth potential.
Just as stocks can experience periods of high volatility and speculative interest, Bitcoin's price movements are influenced by market sentiment, news cycles, and adoption trends.
Also, the argument that someone benefits from Bitcoin solely because they find a "greater fool" to buy it from them oversimplifies the broader dynamics at play. It's crucial to acknowledge the growing interest from institutional investors, the development of financial infrastructure around cryptocurrencies, and the potential role of Bitcoin in portfolio diversification strategies.
The digital asset's value proposition extends beyond just finding a willing buyer.