Why is Bitcoin tied to Fiat? Why is Bitcoin value moving like a stock? satoshi said the value will be derived by the limit of total coins. But we are seeing the opposite. Why dont we mathematically calculate the value of bitcoin according to the amount of bitcoin mined?
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Agreed Value * Bitcoins Mined = New Value
0.0010 * 1 = 0.0010
0.0010 * 2 = 0.0020
We can still say that bitcoin is a slave of fiat considering the fact that fiat is more relevant to be used by everyone around the world. No matter how many bitcoin you obtain, you will still convert it into fiat. Maybe sooner or later, things will change as bitcoin dominates fiat and take over the whole world to create a new way or a system on how we spend our ownings.