And even if we would think about the value of BTC in USD: it is 8000 times more valuable than USD!!! It is world's most valuable currency! It actually crushed the USD! So why does it matter if it is 8000USD or 1000USD? Even if it was 1000USD, it would mean it is 1000 times more valuable than the dollar, right? Even if BTC was valued at 2$, it would be twice as valuable compared to USD which is world's most important fiat currenct.
And I hope that is just how easy to explain it to everyone but it is not.
When it comes to looking at how valuable something is it should be more popular. That is the case we are seeing now with the world.
Not the rarity of one item anymore or even with demands.
Just the popularity. (I guess we could blame the social media with it.)
We are talking versus the USD here which is like the very known currency of the world which a lot of people also want to get their hands on.
I can see that in my country because of the higher exchange of every USD.
Bitcoin though is still not seen much. In time though, we can compare it again.