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RE: Is it possible to find Bitcoin's intrinsic value?
Is this value based only on Illicit drug market? If you consider other market price will go high. btw great calculations. I never had this idea before :)
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Yes, this is based solely on the illicit drug market. It is basically pricing it as if there were no other use cases or adoptions for the coin
The illicitness would mean a massive crime across the globe. I believe that just like gold or other pegged fiat currencies. This has come into being but internet based hence its value is realized through the exchange conversion widely acceptable.
Came to say exactly this :)