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
Bitcoin is not a slave to Fiat. Both coexist to bring uniqueness to payment systems in businesses and companies. The value of Bitcoin is determined by several factors which include the attitude of the governments towards it in a particular country, the influence of the media and banks, attitude of actors on the market towards Bitcoin.