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RE: The price and value of cryptocurrency: (2) What is the fair price of Bitcoin?
If you can't explain it simply, you don't understand it well enough.
- Albert Einstein
If you can't explain it simply, you don't understand it well enough.
- Albert Einstein
I am sorry if I didn't explain it easy enough. In a nutshell, the price of Bitcoin depends on the size of its economy. All the other factors are minor.
I think you explained it simply enough. Anyone that can understand Einstein's special theory of relativity should be OK with this :)