> It's like a currency in that respect, it's only worth what people think it is with no underlying fundamental. This is my biggest concern with Bitcoin right n

> It's like a currency in that respect, it's only worth what people think it is with no underlying fundamental. This is my biggest concern with Bitcoin right now. There doesn't seem to be any rational way to justify or explain its price. How would someone go about making the argument that Bitcoin is over or undervalued at $10, or $100, or $100K? What's the justification? Even currencies have far more fundamentals. Currencies at least represent faith in the governments that issue them, and those governments' ability to pay treasury bonds and manage inflation. I have never heard a good explanation for what the price of Bitcoin should be in terms of USD.