How Is BitCoin Valued?I’m just trying to understand BTC and how it is valued. Not sure I want to invest.Immutability, Salability, Scarcity = Hard Money vs Easy Money USDMonetary TraitsAs we will see, markets have naturally and spontaneously selected for the monetary good which best satisfies a variety of desirable traits that determine how useful a particular monetary good is as a form of money:· Hardness — resistance to unpredictable supply increases and debasements of value· Fungibility — units are interchangeable and indistinguishable from one another· Portability — ease of transporting or transmitting monetary units across distances· Durability — resistance of monetary units to rot, corrosion or deterioration of value· Divisibility — ease of subdividing or grouping monetary units· Security — resistance to counterfeiting or forgery· Sovereignty — the source of its value, trust factors and permissions necessary to transact with it (natural social consensus or artificial government decree)Total supply 21M Hypothetical Actual = 16-18M900 mined per dayCurrent demand is 2,600 per daySoon Institutions will buy directly from miners2024 halving will = 450 per dayBTC will exceed $1MNot to mention... if you put the original $1200 stimulus check from May 2020 into Bitcoin, it's already worth $5,650.88.💥💥💥BOOM💥💥💥Please leave a review and subscribe.If you think the podcast was good let me know.If not - I want to know - thanks - https://www.navydavep.comIf you're diggin this no-commercial podcast, please contribute.You wouldn't believe the prep for 3 minutes and 33 seconds of audio. Can you imagine what Rogan's team must do!Remember, time is a one-way arrow.BTC1H85ADNoiENp64B1tk3KnkEWbved3NXAXWBCHqp3trs69zhzs35nvr633n4wdgqrv6txhsg99fy6u4wLTCM8DbMfY72byTdh29DN9Pph1W653gp47RyTETH0x7F3e185877ADf93E3753cAa8607053ed29C26377PayPal https://paypal.me/navydavep?locale.x=en_US--- Support this podcast: https://podcasters.spotify.com/pod/show/navydavep/support