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If having 1 bitcoin was actually a requirement for having high status, that might give it intrinsic value. But that's not the case and I don't see a reason it would ever be the case. The actual measurement of high status is wealth, no matter the form.
I disagree. But let's suppose it's true. Wouldn't having 1 Bitcoin be an indication of belonging to high status group then?
Because why do you think having 1 bitcoin connotes a high status then as opposed to 1 doge coin? It's because one represents a level of wealth and the other doesn't. So the actual measurement of high status comes from wealth, not bitcoin. When people owned 10,000 bitcoins when they were worth 25 cents, nobody cared. Because it's about wealth, not the medium the wealth is held in.