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
It is not possible immediately for Bitcoin to replace the currency - a system of economic flows that goes through a long period of time. It has grown and increasingly linked, increasingly sustainable. People are more likely to approach it than Bitcoin because it's physical and not technology-dependent. However, Bitcoin can exist in parallel and support the currency.