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by Changu
3075 days ago
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That seems to imply that the BTC market cap is the result of speculation. Of people holding BTC because they think some greater fool will buy them later. Personally I believe in efficient markets. I think the $200B is the best guess the market came up for the intrinsic value of BTC. Independent of speculation. My feeling is similar to yours though. That BTCs value is closer to $200m then to $200B. |
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