One thing that I can't help to observe is the fact that the crypto currency valuations are all done against the fiat currencies (USD etc.) they are supposed to be actually replacing in the long term. It reminds me of the old gold bug question :
'If I bought a 1oz Gold Sovereign coin in 1981 ... how much would it be worth now?'
Answer
'It would be worth a 1oz Gold Sovereign'
'If I bought a 1oz Gold Sovereign coin in 1981 ... how much would it be worth now?'
Answer
'It would be worth a 1oz Gold Sovereign'
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