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A comment on Bitcoin Breaks $50K for First Time Since Hitting All-Time High in 2021. Parent comment

Re:Bitcoin Breaks $50K for First Time Since Hitting All-Time... by haunter on Monday February 12, 2024 @12:23PM (#39347603)
>but whats the underlying value of regular money

That I can spend it.

[ Parent | on HN ]
Re:Bitcoin Breaks $50K for First Time Since Hitting All-Time... by kraftman on Monday February 12, 2024 @02:38PM (#39349298)
Which means someone will agree to trade it with your for something you want, or something you can use to trade with something you want. You can take your USD and trade it for EUR to buy a coffee in france. You can also take BTC and trade it for EUR to buy coffee in france. In both instances the person selling you the EUR beleives that they can resell what you are giving them? So I'm struggling to see how they have different underlying values.
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