Yes. And that's why short-selling is so important.

lr4444lr · on Feb 11, 2020

Wow, never thought I'd hear such a good defense of short-selling, but you're right.

eru · on Feb 12, 2020

Thanks for the compliment. It's pretty much the orthodox standard argument, so no stroke of genius from me.

Orthodox economics is severely underrated.

Oh, and bitcoin got a decent short-selling facility with the futures trading a while back.

(No clue why you are getting downvoted.)