Post
Topic
Board Economics
Re: Can not believe 5 years ago you could of bought one whole bitcoin for this much!
by
STT
on 12/04/2021, 23:12:24 UTC
I think, bitcoin is overpriced since 2009, since its start!

If you have no usage, no utility personally from holding it and you exclude any trading value to those that do then you are correct in your estimate.    The wider context is the origins of BTC relate to QE and the diminishing value of FIAT worldwide on a large scale, the disproportion asset based inflation via the QE done has altered the prices of many things and promoted alternates outside that price distortion.   I dont think it will last forever and dollar itself is liable to slip and fall into far less usage global, similar to sterling previously and the end of its empire meant a far lower value.