The value of everything is literally determined by supply (scarcity) and demand.
You could apply the same logic to gold. But you’ll then argue that gold has industrial applications, which is also true for btc. Bitcoin, a decentralized, peer to peer ledger, is quite literally the best solution for ending the DS central banking system. They’ll try a rugpull by trying to displace btc with CBDCs, but ultimately NCSWIC.
BRICS
Btc backed by gold.
Btc doesn’t need to be backed by gold. Scarcity is built into the protocol.
Scarcity isn't worth shit if nobody wants them
The value of everything is literally determined by supply (scarcity) and demand.
You could apply the same logic to gold. But you’ll then argue that gold has industrial applications, which is also true for btc. Bitcoin, a decentralized, peer to peer ledger, is quite literally the best solution for ending the DS central banking system. They’ll try a rugpull by trying to displace btc with CBDCs, but ultimately NCSWIC.