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
I don't think bitcoin is a slave of fiat neither fiat is a slave of bitcoin. Both benefit from each other as bitcoin gets more popular and as an equalizer, the fact that its not yet legal gives the advantage to fiat since everyone is using it right now. We should atleast appreciat the fact that as we earn more bitcoin, fiat's are the one we use to benefit the most from the profit we've gain.