How Is BitCoin Valued?

from 3:33 with Navydavep · host 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 💥💥💥BOOM💥💥💥 Please leave a review and subscribe. If you think the podcast was good let me know. If not - I want to know - thanks - 3:33 out. https://www.navydavep.com If you're diggin this no-commercial podcast, please contribute. You wouldn't believe the prep for 3 minutes and 33 seconds of audio. Can you imagine what Rogan's team must do! Remember, time is a one-way arrow. BTC 1H85ADNoiENp64B1tk3KnkEWbved3NXAXW BCH qp3trs69zhzs35nvr633n4wdgqrv6txhsg99fy6u4w LTC M8DbMfY72byTdh29DN9Pph1W653gp47RyT ETH 0x7F3e185877ADf93E3753cAa8607053ed29C26377 PayPal https://paypal.me/navydavep?locale.x=en_US