How Is BitCoin Valued?

3:33 with Navydavep

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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