Actually, when looking at the value of bitcoin, they will immediately judge it as "expensive" but conceptually, bitcoin is a scarce asset, limited in supply and cannot be produced anymore, so in essence, bitcoin is cheap. You cannot judge the value without referring to the nature of that asset. Bitcoin is an asset that increases in value over time, not an asset that decreases in value over time like cash. Lol
A scarce asset, has limited supply but no use case or not much demand, cannot increase in value over time. To evaluate the value of bitcoin, relying only on the supply factor is not convincing because creating a coin with a finite supply is not too difficult. We need to incorporate the use cases as well as the benefits it brings.
For me, bitcoin is expensive or cheap depending on each person's economy. For people who can't even afford their daily meals, bitcoin is really expensive. But people who have savings in the bank, have money invested in other areas, if they say bitcoin is too expensive, they don't understand bitcoin.