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The true price and value of Bitcoin
The #dollar #usd price of #Bitcoin
I'm so conflicted, I flip flop between two different things, and I don't know where I stand.
Maybe that's a good thing. Maybe I need to ride this agnostic wave to try and understand where I sit ultimately.
But the dollar price of Bitcoin $100k, $200k, $1M. But what is $100,000, $200,000, $1 #Million in real #value terms?If Bitcoin achieves $1 million when it achieves $1 million, what is $1 million?
It's not the same $1 million today as it
will be when Bitcoin is $1 million because of inflation and the erosion of
purchasing power and the increase in the #asset #price but then1 #btc = 1 btc.
The value of Bitcoin today and in the
#future in #money #fiat #fiatmoney terms is irrelevant, and we can't #measure it. It's like measuring something with a forever moving target, you can't put a true value of Bitcoin because fiat money has no #intrinsic #intrinsicvalue. So the only value is the #adoption, and I'm aware that the dollar price of Bitcoin is an indication of its value in #society in a fiat #monetary #environment and a #signal of adoption, but isn't it a fiat mindset to try and place a dollar value on Bitcoin when it isn't the true value of Bitcoin, and that 1 #BTC is always going to be 1 BTC, and the price of bitcoin today and into the future in dollar terms is never going to be a real #indicator of its #true value.
So I'm conflicted about all that. Maybe both are true, and just need to accept that there isn't a side it's both part of the same "game theory" #gametheory which pretty much is answering my own #question
But where are you standing on all this? Let me know.
Stay Curious!
#staycurious #studybitcoin
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