Does this look normal to you? Does it matter how much Bitcoin is valued in terms of USD if this ratio cannot go to 0 for Bitcoin to be worth anything at all nominally ? What is it's intrinsic value?
I like your thinking. but I have a question
If the maximum the ratio can go to is 0 and the price per bitcoin was $20,000 the last time it did, does that mean that it can never exceed $20,000. Lots of big players forecasting anywhere between $100,000 to $1 Million. How would those scenarios be possible if there is no room relative to the dollar to be able to do so?
I like your thinking. but I have a question
If the maximum the ratio can go to is 0 and the price per bitcoin was $20,000 the last time it did, does that mean that it can never exceed $20,000. Lots of big players forecasting anywhere between $100,000 to $1 Million. How would those scenarios be possible if there is no room relative to the dollar to be able to do so?
Looking forward to your thoughts.