Quote:
Originally Posted by Fuzz
Bitcon is just another example in our modern world about how facts don't matter, reality is whatever you say it is, and that there are now so many people believing this that it is a self fulfilling prophecy. The only people buying bitcoin are those who have been confused into believing it has value. So congrats that there are enough of you, I guess? Don't mistake that for giving it any more value than an NFT, a beanie baby or a poppy. Oh, wait, you already did.
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You don't seriously believe this do you?
We are talking about the eighth highest market cap in the world.
To say it doesn't have value is just silly. The market determines the value of something by its supply and demand. As long as there is demand for bitcoin (which the 1.4 trillion dollar market cap indicates), and as long as there is a controlled supply of bitcoin (which the hard limit of 21M btc ensures) then it has value.
I'm not even some bitcoin fanboy, this is just common sense here. The global market isn't some kid with a tinfoil hat.