What can Bitcoin do at $68K that it couldn’t do at $10K?
Bitcoin derives its value from one thing and one thing only, it’s scarcity, and by all measures we won’t reach 21 million until 2140.
The value of Bitcoin at $126K is the same exact value as when it’s $67K and it’s the same exact value as when it’s $10K.
And, as Tesla has shown us, and most BTC treasury CxO’s now agree, Bitcoin will never be used for transactions. Tesla learned that no one is going to accept a sale at today’s value when that value can be 10% less valuable tomorrow.
In summary, bitcoin’s value today is exactly the same value it was at $10K.
val·ue
/ˈvalyo͞o/
noun
- 1. the regard that something is held to deserve; the importance, worth, or usefulness of something. "your support is of great value"
Posted by tomsmac