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It only has value if you sell it for fiat.

That implies that fiat is the source of value.

WRONG

Just because you measure Bitcoin's value in fiat terms (highly manipulated measure) doesn't mean that it reflect's it's fair value.

In reality Bitcoin is far more valuable than it is possible to price in any fiat because of its intrinsic properties:

1) easy to secure

2) easy to transfer

3) no counterparty risk

4) no counterfeit risk

5) easily programmable so perfectly suited for emerging lightspeed digital economy

it may take time for these properties to be fully priced in but we're currently undergoing this process

The only thing that are valueless in this paradigm are fiat promissory debt notes you think you own

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Discussion

frphank 1y ago

There is no chance to ever use BTC for any economy because of the inability to control money in circulation and adapt it to the size of a growing or shrinking economy, and achieve price stability.

That's why a Bitcoin economy has not emerged in 15 years, not become of any conspiracy.

EZ 1y ago

Price stability in relation to what? Prices are meant to accurately depict actual market situation in relation to demand and supply, not to maintain the illusion of stability.

A Bitcoin economy has successfully emerged online which is why it still hasn't gone away in 15 years and will it continue to expand.