What is Bitcoin’s fundamental value?
As it hits new highs, there is no shortage of bold predictions about Bitcoinreaching US$100,000or more. Often these are based on not much more than extrapolations by people with vested interests: the price has gone up a lot so it will keep going up. If it gets above its previous high, it must keep going up. There is also “charting” or “technical analysis” – looking at graphs and seeing patterns in them....