Everything is always valued in relation to something else, including bitcoin. USD/BTC is about $120.xx right now, right?
Dollars are valued against Euros, barrels of oil, rents and a six pack of beer. The same applies to everything else. When you talk about what it is worth it is always in terms of some quantity of something else.
What people will learn a few years from now is that almost every part of the human experience is a speculation; death and taxes excepted, of course!
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Everything is always valued in relation to something else, including bitcoin. USD/BTC is about $120.xx right now, right?
Dollars are valued against Euros, barrels of oil, rents and a six pack of beer. The same applies to everything else. When you talk about what it is worth it is always in terms of some quantity of something else.
What people will learn a few years from now is that almost every part of the human experience is a speculation; death and taxes excepted, of course!