i am a little confused why he is so sure bitcoin price is 1000 times overvalued. why not 100? 10? why exactly 1000? Do you agree with him?
Gold is just a metal and diamond is just a stone, why not we call their value too as overpriced ? Unlike crypto currency, gold/Diamonds are being valued by every part of this world ? All these people are so childish to value just a metal or a stone ?
Your old shirt will get millions of dollars in an auction if you are a rockstar. Yes, demand determines everything. Bitcoin has demand and it has value. There is no meaning of arguing it is 1000x more valued, there are people ready to buy with 1000x more so it has those values.
^this. There may be a bubble, that's impossible to tell until after the point but we're definitely nowhere near 1000x overvalued hahaha. To say that just makes you sound like incompetent newb in the whole aspect of cryptocurrencies.