Saturday, April 23, 2022 | 2 a.m.
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I’m trying to grapple with what assets underpin Bitcoin that we can tie the value to. Stock prices are based on many measurable factors, including assets on the balance sheet, earnings results, and profit and loss statements. The results can be audited; they can be tested; you can touch them and feel them.
With Bitcoin, none of these tangible elements can be identified. Value seems to be floating in the air.
