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> But those capabilities exist whether a Bitcoin is priced at $1 or $25,000. If those capabilities are useful, more people flock to BTC. Price goes up. This i
by fooker 6y ago
> But those capabilities exist whether a Bitcoin is priced at $1 or $25,000.
If those capabilities are useful, more people flock to BTC. Price goes up.
This is similar to the valuation of the many tech stocks which are not necessarily grounded on the present revenues of the respective companies.
- klipt 6y agoThe difference is people expect stocks to have earnings (at least eventually). Bitcoin will never have earnings. It's pure speculation.