Whether or not Bitcoin is “money”, or “a currency”, or neither, it has undeniable value, in that some people are ready to buy or sell some for a price.
Some will say it’s a hype, because Bitcoin’s value is not really linked to its power to buy stuff. Sure you *can* buy things with bitcoins but it doesn’t seem to be its main strength for the moment.
Nevertheless, there is a de facto near-consensus (depending on which exchange you use) on the price of 1 BTC, which evolves according to supply and demand. That price is Bitcoin’s actual value.Continue reading “The Bitcoin value argument”