The Financial Times’ Jemima Kelly argues that Bitcoin’s value is zero. She also argues that the scarcity argument for Bitcoin is pretend. Her op-ed asserts Bitcoin is priced about $70,000 too high.
This perspective challenges conventional valuation models by questioning whether scarcity alone can justify the cryptocurrency’s price levels. The piece underscores ongoing debates about crypto fundamentals, demand drivers, and market psychology. As the discourse evolves, investors and policymakers may reassess how scarcity signals and market sentiment interact to shape Bitcoin’s value and longer-term viability.
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