This is very interesting. I suspect you’re correct about the “meme stock” explanation for a significant portion of EV co’s valuations. Of course, it’s not only retail investors who are subject to this influence - it’s even more difficult to attribute any conventional valuation metrics to the various digital currencies, and these have significant institutional participation.
This is very interesting. I suspect you’re correct about the “meme stock” explanation for a significant portion of EV co’s valuations. Of course, it’s not only retail investors who are subject to this influence - it’s even more difficult to attribute any conventional valuation metrics to the various digital currencies, and these have significant institutional participation.