The difference is that all cryptocurrencies have no intrinsic value, where as there are only a few 'fake' companies with high valuations. A few bad apples do not make the whole barrel rotten. I would any day feel more confident in investing in equities (a major portion of my portfolio) for the long term, say for retirement or to put down a deposit for my mortgage. Cryptocurrencies of course occupy a small portion of my portfolio.
Do you as an investor in these "fake" companies, believe that these companies are real or do you know that they are "fake"
and still investing in it? Do you believe it is real, because it is listed and someone else says it is real? The difference is, these
people told us that these companies are real and these non-US company acquires a US shell company to gain a listing on a
US stock exchange, by bypassing the regulatory scrutiny involved in a traditional initial public offering. {loopholes in the
system}