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A comment on Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut. Parent comment

Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by DenisM on Monday December 18, 2017 @02:18PM (#15954486)
If there are $20b waiting to be laundered and the total number of bitcoins is 20m the aggregate demand would support $1000 value of BC.

This is what I would call "direct utility". There is also "indirect utility" - mindset of bystanders who are willing to transact BC because they know that others will provide liquidity.

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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by vasilipupkin on Monday December 18, 2017 @03:39PM (#15955280)
why does it support $1000? if I launder 1 dollar, I buy a bitcoin and sell a bitcoin, so why does it support any particular stable value?
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