Is this value based only on Illicit drug market? If you consider other market price will go high. btw great calculations. I never had this idea before :)
RE: Is it possible to find Bitcoin's intrinsic value?
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Is it possible to find Bitcoin's intrinsic value?
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Yes, this is based solely on the illicit drug market. It is basically pricing it as if there were no other use cases or adoptions for the coin
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The illicitness would mean a massive crime across the globe. I believe that just like gold or other pegged fiat currencies. This has come into being but internet based hence its value is realized through the exchange conversion widely acceptable.
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Came to say exactly this :)
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