When someone ask what is bitcoin worth . The typical response is its fiat dollar price. But these days the price of everything is going up in what some call The "everything bubble" . Few things are not going up such as gold and silver.
Are people buying into crypto like bitcoin just because its going up in fiat just to get rich quick?
Since 2011 the metals have been either in a decline or flat. Yes some money going into crypto has not been going into the metals. Since most of the metal Hodlers are not looking at its dollar price . Would it be better to look at bitcoin in terms of ounces of gold or silver. In the same way we look at gold in for example how many shares of the Dow it can buy or much it takes to buy a house.
Are the metals more undervalued than bitcoin, what is its true value?
I wish more people would just accept cryptocurrency as a form of payment
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