It's rather more interesting than that. The amount of resources thrown at mining causes the price to be what it is in USD terms. The electricity costs of minin

It's rather more interesting than that. The amount of resources thrown at mining causes the price to be what it is in USD terms. The electricity costs of mining are about 20% of the price of Bitcoin - now as it was in 2011. https://medium.com/modern-money-matters/the-cost-of-bitcoin-47d2fe088e2 https://medium.com/modern-money-matters/the-cost-of-bitcoin-... The value of the token is what it costs to get it. You won't let it go for any less than that.