The value of Bitcoin is in its rarity, like a collectible, not currently as an exchange medium. How does one use it to exchange labor and services? Can you send a small fraction of a bitcoin, or are you walking around with a $51,000 dollar bill that only institutions and drug dealers actually trade? I fully admit my ignorance on this. There are only 19 million bitcoins around, but there are 8.6 billion Tethers. Is that why it is only trading at $1?
Bitcoin may be exchanged in numerous ways. Not all that different than using a credit card payment except there is no middle man.
Can you send a small fraction of a bitcoin, or are you walking around with a $51,000 dollar bill that only institutions and drug dealers actually trade?
Bitcoin may be traded at an extremely small fraction as it is not a physical entity.
I fully admit my ignorance on this. There are only 19 million bitcoins around, but there are 8.6 billion Tethers. Is that why it is only trading at $1?
BTC is currently trading at the USD equivalent of about $48,500. There are dozens of other crypto currencies and I have no idea about "Tethers"