Gongol.com Archives: February 2021

February 22, 2021

The reckless vicissitudes of Bitcoin prices

Market-watchers chalk it up to bad press from one negative Elon Musk tweet. The following question is a simple one. In fact, it's the essential one behind all investing: What is the intrinsic value of Bitcoin? Unless you can confidently answer that question, its market price has no real meaning at all. You must have a sense for what something is actually worth before you can decide what price you're willing to pay for it.