Its an interesting thought. What's the upper bound on what a ledger could be worth? That said, the value of the ledger derives almost entirely from the value

Its an interesting thought. What's the upper bound on what a ledger could be worth? That said, the value of the ledger derives almost entirely from the value of the items transacted in the ledger. Therefore, I'd say that the ledger value is derivative of the market value and thus doesn't itself convey an intrinsic value to the coins.