What is Bitcoin's fundamental value?
After Bitcoin reaches a very High level, there are Expectations that the price of this cryptocurrency will reach $100,000 USD or more.
after Bitcoin reached a very High level, In the price of this currency, it is Expected that the currency Exchange rate will continue to rise, and new levels will be reached in the Bitcoin cryptocurrency Exchange rate.
The statistics are based on tracking the chart pattern and technological analysis of the price of this cryptocurrency Bitcoin, and relying on the expectations of people who are interested in the cryptocurrency field.Calculate the intrinsic value of a currency??
The intrinsic value of money, its value Depends on the return "or cash flow" Generated by the asset.
Example: The main value of the mango tree for the capitalist is not in the tree itself, but in the amount of mango produced by this tree.
The same applies to real estate, where rent is based on the basic value of income in real estate for the landlord.
We note that the primary value of any currency, be it fiat currency or cryptocurrency, lies in being a reliable and acceptable unit of Exchange.
In the past few years, coins made of gold and silver had a core value by melting them down and obtaining their precious metals, whose intrinsic price is still more consistent.
But this is not possible with the denomination of Banknotes, the value of which is based on the confidence of people who agree with its intrinsic value.
Analysts at Britain's Standard Chartered Bank have predicted that Bitcoin could peak at $100,000 by the end of 2022.
“As cash, Bitcoin could become the leading peer-to-peer settlement Technology for the unbanked in the cashless world of the future,” said Jeffrey Kendrick, Head of Crypto Research Group at the bank (former Australian Treasury authorities).
Cryptocurrencies that can maintain a secure value are expected to become settlement tools in the digital currency world.
Tags: Bitcoin
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