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 still slave of fiat simply because bitcoin is not legal yet and fiat is being used all over the world. By simply having that, we can already see that bitcoin is still nothing compared to fiat yet but when the time comes that bitcoin became legal, it will surely take over and might even replace fiat in the future.