Kialo requires cookies to work correctly.
Is Bitcoin's Worth Entirely Speculative?
Bitcoin is not purely speculative. It requires tangible energy to produce them.
Producing bitcoin has a cost.
The energy that is put into the creation of bitcoins, otherwise known as the cost of creating a bitcoin, does not indicate the value of a bitcoin. The value of bitcoin is whatever people are willing to pay for it. The amount of work that has gone into its creation has nothing to do with that price.