So in other words, Bitcoin only has value because the USD exists.
The first question was bad enough (bitcoin is priced in fucking bitcoin) but this is fucking straight retardation.
Unless Bitcoin gains intrinsic "value", it will always just be another (fake) commodity based on the dollar.
No fiat currency, including the dollar, has intrinsic value dipshit.
Gold is priced in dollars. So is oil. So is real estate.
Yes, that's my point... everything is priced in dollars.
Frame of reference. Like I said. It's just that.
If you mean that the USD is an abstract concept with no underlying value. Then your right, and wrong.
No, it's not priced in dollars, there's a conversion to dollars but also to yen, yuan, euro etc. In the states the common conversion is to the dollar.
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