Amazon just bought Whole Foods for 13.7 billion. A physical grocery store with locations everywhere catering to yuppies and hipsters.
Yet somehow crypto is worth more than a giant food chain? Even XRP for godsake has a 10 billion market cap, which should be nowhere close to the value of something like Whole Foods.
What more proof do you need that we are in a bubble?
theres already several threads about this
Profit margins in grocery are 1%, dude.
cant wait for whole foods delivery
so i never have to go to their grocery store again
and can just order it all on amazon
Yeah I sincerely doubt Whole Foods profits are 1%
>What more proof do you need that we are in a bubble?
If you know how to evaluate companies, you would see that wholefoods is indeed a grab for 13 bil.
What's your point? Why is Etherium worth more than twice Whole Foods right now? Makes no sense
Amazon itself thrives on basically summing up it's balance to zero, spending every penny they get to increase its stock value and stakes; direct wealth accumulation is not the game anymore
You're comparing a currency and platform against a traditional company Lmao.
>acting like crypto is actually a currency and not a company
You are retarded if you think crypto actually serves as a currency right now