That's assuming that 1) there is a fair value for bitcoin 2) the market is able to assess and direct bitcoin to that fair value (through the actions of its part

That's assuming that 1) there is a fair value for bitcoin 2) the market is able to assess and direct bitcoin to that fair value (through the actions of its participants). I tend to believe that this economical " theory" is much more a belief/mantra than anything proved scientifically...