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 not really argue the fact that fiat money really dominates all aspects of currencies. But for me, I think it is wrong to make an statement that bitcoin is a "slave" of fiat. Fiat does really dominate cryptos but bitcoin and others are unique and have their own way of helping people. Logic here: Bitcoin helps Fiat which helps economy.