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RE: ▶️ The Main Differences Between Crypto & Stock Investing | EP#381

in LeoFinance3 years ago

Welcome to LEO.

In many instances, it is difficult to compare crypto to other assets. For example, all cryptocurrencies are a form of decentralized governance. Their are many non-financial aspects of crypto that do not apply to stocks... although I guess the concept of stockholders making governance decisions is not a novel concept.

Regardless, crypto can do crazy stuff. For example, I can lock Ethereum in a MakerDAO contract and extract DAI out of thin air, using the ETH as collateral.

You can use them for various things like staking, lending, collectibles, DeFi, or possibly as a utility like ENS.

Ah nevermind you got it all figured out :D

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Yeah it's not an apples to apples comparison, but nonetheless, when people are deciding which to invest in, these are the things I would consider :)

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