How Is BitCoin Valued?
Manage episode 327333291 series 3131347
How Is BitCoin Valued?
I’m just trying to understand BTC and how it is valued. Not sure I want to invest.
Immutability, Salability, Scarcity = Hard Money vs Easy Money USD
Monetary Traits
As we will see, markets have naturally and spontaneously selected for the monetary good which best satisfies a variety of desirable traits that determine how useful a particular monetary good is as a form of money:
· Hardness — resistance to unpredictable supply increases and debasements of value
· Fungibility — units are interchangeable and indistinguishable from one another
· Portability — ease of transporting or transmitting monetary units across distances
· Durability — resistance of monetary units to rot, corrosion or deterioration of value
· Divisibility — ease of subdividing or grouping monetary units
· Security — resistance to counterfeiting or forgery
· Sovereignty — the source of its value, trust factors and permissions necessary to transact with it (natural social consensus or artificial government decree)
Total supply 21M Hypothetical Actual = 16-18M
900 mined per day
Current demand is 2,600 per day
Soon Institutions will buy directly from miners
2024 halving will = 450 per day
BTC will exceed $1M
Not to mention... if you put the original $1200 stimulus check from May 2020 into Bitcoin, it's already worth $5,650.88.
3:33 With Navydavep
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BTC
1H85ADNoiENp64B1tk3KnkEWbved3NXAXW
BCH
qp3trs69zhzs35nvr633n4wdgqrv6txhsg99fy6u4w
LTC
M8DbMfY72byTdh29DN9Pph1W653gp47RyT
ETH
0x7F3e185877ADf93E3753cAa8607053ed29C26377
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