๐บ๐ฐ๐ Jamie Dimon lashes out against crypto: โIf I was the government, Iโd close it downโ ๐บ๐ฐ๐
(www.cnbc.com)
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Energy and limited supply. It is similar to the Petrodollar, but is not tied to oil. Bitcoin = energy. Petrodollar = oil = pumping/processing energy. Golddollar = gold = mining/processing energy. See above comments.
When denominated in current US dollars, Bitcoin automatically increases in price as US debt dollar is printed into oblivion (when Bitcoin price is not being manipulated due to its low liquidity because it is not yet convertible to a gold or silver โdaily usage coinageโ).