The eternal question: Is Bitcoin expensive? This is undoubtedly the question we all constantly ask ourselves, whether we've been in the crypto market for a while or are new to it. The other, more common reflection is: Have I arrived too late to the party?
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I was reading an article about this today, and it gave me the idea to write about it. These questions may seem correct, but in reality, they aren't at all. They are based on the fact that we generally view any investment through the prism of returns. Thus, a stock must have a value and provide profits to justify its price. But this isn't the case with a currency or a safe haven like gold.
So, we would have to ask ourselves: Is an ounce of gold expensive at 3,000? Was it ever worth 1,000? Or would we have to ask ourselves: Is a Picasso worth 10 million dollars expensive if one day it simply sold for a few hundred francs? Bitcoin's value lies in its usefulness both as a medium of exchange and as a safe haven.
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