You are correct! Bitcoin is not subject to the same economic factors that influence traditional currencies or investments. Whereas investments produce cash flows such as interest and dividends, in bitcoin anchange, simply referred to as exchange rate that mostly reflects the supply-and-demand characteristics driven by market sentiment.
Bitcoin network functions on its own ruleset so a clear valuation model similar to traditional models does not exist. This distinct feature of Bitcoin possesses unique investment benefits, creating inexpensive transfer payments with relative ease outside of control authority as well as