The other day I quoted Philip Fischer’s observation: “The stock market is filled with individuals who know the price of everything, but the value of nothing.”
And this has brought a question?
What is the value of Bitcoin? And monero? And other coins?
I would love to read everyone's perspectives.
#bitcoin #monero #asknostr #value #price
Economics teaches us that value is *subjective*. It makes no sense to ask about objective value of Bitcoin or anything else. It's a mistake that comes either from Marxism or the disproven labor theory of value.
Value is subjective, but price is the aggregate of that subjective opinion across the market. So when asked "what is the value of bitcoin" you only have two possible answers which meaningfully answer the question.
You either refuse to give an answer stating that it "makes no sense". Or you say "as of right now $66,698".
