Could the value of money be relative? and that relative outlook be what drives its value up or down?
Smart people like to say money is about the story we tell ourselves with.
The piece of paper in our pocket is worthless on its own unless we use it and have it in circulation.
Crypto is no different, people treating it as equity but it’s not, its value is derived from the value others see in it.
The more people buy it and want it because of the value they see, the higher the price.
But it’s still not equity, circulation and use is key but most of all with money or even equity, that’s all worth what the buyer is willing to pay the seller for a piece of that equity/currency.