Amazing. And it could all disappear in an instant.
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There’s something disturbing about Bitcoin. It has a price, agreed upon by the crowd, of what exactly? It is neither a product or service. It is an algorithm.
How can anyone claim it to be undervalued or overvalued, other than it trades daily on market psychology. It is worth $X because people believe it. It’s a quant nightmare.
It's worth what people will pay. Just like anything else.
You're problem isn't really not knowing how Bitcoin price discovery works, it's not knowing why Bitcoin is worth anything at all. You have to start there.