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1) 'valuing' a currency is different than valuing other investments. 2) BTC is not being used as a currency, it's being used as an 'investment' and a (very bad
by alexasmyths 9y ago
1) 'valuing' a currency is different than valuing other investments.
2) BTC is not being used as a currency, it's being used as an 'investment' and a (very bad) store of value. 'Stores of value' we should definitely be able to value - but currencies are hard to do that with.
3) As far as valuing USD vs BTC - it's difficult to value, but you can do it. Oil futures, Fed Movements, capital controls and flows - it's possible to predict within a range where currencies will go. With BTC, there's nothing to value it with.