To my amazement, there are so many crypto analysts and fund managers with little knowledge of technology behind it. This is so important since it can be the game changer.
Having said that then the question is what is the intrinsic value of Bitcoin? This can be explained by three factors; Technology, Business Model, and Community.
Unfortunately, the 1st generation coins like BTC does not have business model which can sustain or prove its value other than FOMO and technology is being overtaken by the new technology like DAG which does not require mining with faster transaction speed up to 200,000 TPS. Now then the intrinsic value of BTC is left with community who believe its value.
To see the community involvement, Google Trend can be a good indicator for this purpose which nowadays shows about 10% from the peak which translates $2,000 per BTC.
But then as shown on the chart, die hard community believe, for the last couple of years think the intrinsic value of BTC is about $400.
Compare with LondonCoin at www.londoncoin.io to BTC to see the next generation crypto at work.
Having said that then the question is what is the intrinsic value of Bitcoin? This can be explained by three factors; Technology, Business Model, and Community.
Unfortunately, the 1st generation coins like BTC does not have business model which can sustain or prove its value other than FOMO and technology is being overtaken by the new technology like DAG which does not require mining with faster transaction speed up to 200,000 TPS. Now then the intrinsic value of BTC is left with community who believe its value.
To see the community involvement, Google Trend can be a good indicator for this purpose which nowadays shows about 10% from the peak which translates $2,000 per BTC.
But then as shown on the chart, die hard community believe, for the last couple of years think the intrinsic value of BTC is about $400.
Compare with LondonCoin at www.londoncoin.io to BTC to see the next generation crypto at work.