this is a common knee jerk misconception that people point to when they look for ways to normalize bitcoin.

stocks do not gain value based on how many people buy them, they gain value based on the success of the company which offers real products and services that you can see, touch, feel, and hear.

if you bought into Apple on the first day the stock was available and the company did poorly, the value of your stock would not increase simply because you got in early.

in contrast to bitcoin, where buying in early offers the greatest return because the value is pumped by subsequent investors, hence, why it is a ponzi/pyramid scheme.

to date, bitcoin offers no utility, no product, and no service whereas apple offers hardware for work and play, software, and other entertainment services, and that's why its stock is valuable.

stocks are also protected and regulated rendering fraud impossible to protect investment, whereas bitcoin has no such protections.

stocks also offer you ownership of a company, and you are a holder of its share. bitcoin offers you nothing in a share of nothing.