Can Bitcoin's value be explained by Metcalfe's Law?

Apr 24, 2025 ... ... view that Bitcoin shouldn't be measured in USD, but rather by the value it brings as a new monetary system. How does cryptocurrency work? Digital assets, also known as crypto assets, are digital representations of value made possible by cryptography and blockchain. ... brings readers inside SBF's ... Nov 13, 2018 ... A large part of a cryptocurrency's value is speculative - meaning it's priced at exactly what other people are willing to pay for it. Oct 17, 2024 ... What Gives Bitcoin Value? · Supply and Demand · Media Sentiment · The Usefulness of Crypto · Public Trust · Mining/Validation Difficulty · Final ... What Drives the Price of Bitcoin? Bitcoin's price is primarily driven by supply, demand, fear, and greed. Some people argue that its price is correlated to its ... Oct 19, 2017 ... The value of the decentralized cryptocurrency Bitcoin has exploded ... which give Bitcoin an investment banking patina too. What do you ... Everybody is talking about Bitcoin suddenly, its value even surpassed $65,000 in 2021. It is highly volatile, like one Elon Musk tweet on any cryptocurrency ... GIVE WITH CRYPTO. The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible. Several factors determine what gives a bitcoin its value, including supply and demand, forks, competition, and regulations. So, bitcoin—like everything except happiness—has no intrinsic value. Bitcoin's value is determined by how it brings about happiness for the people who use it.