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Again, a very selective headline, since the analyst is essentially saying there are no "fundamentals" to bitcoin, nothing to really anchor it's price. Yes, the
by jacknews 9y ago
Again, a very selective headline, since the analyst is essentially saying there are no "fundamentals" to bitcoin, nothing to really anchor it's price.
Yes, the value could be zero - if no-one wants to buy it. But currently, some do, and so the "value" is whatever they are willing to pay, either in terms of dollars, or head of cattle, or whatever.
Of course if "value" is defined as "intrinsic usefulness" then it perhaps is actually worth nothing at all, very much like any fiat currency (though in paper form I guess those have some "firewood" or "toilet paper" value).