so if the fiat price of #bitcoin is an accurate metric relative to other assets,
then nVidia and Microsoft are also worth 3T dollars and Tesla is the most valuable car company in the world?
Discussion
Yes and no but I see where you’re going with this you sneaky sob 😂🫡
Proper market valuations are probably impossible to determine because coercion exists.
As long as you’re in the fiat system, your statement would be correct. If denominated in bitcoin, I think we all know where this is heading…
what does "denominated in Bitcoin" mean?
The valuation of everything in relation to #bitcoin :
1 tsla share = 1 bitcoin
1 mstr share = 10 bitcoin
It would make more sense to denominate in sats
you mean society functions on a Bitcoin UoA then?
Yeah and MoE as well
👍
I agree at that point we'll have much more accurate pricing.
I just see a lot of people use BTC charts as if they represented an accurate assessment of value.