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What is Bitcoin's fundamental value? That's a good question

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra

Salvador Melendez/AP

As it hits new highs, there is no shortage of bold predictions about Bitcoin reaching US$100,000 or more.

Often these are based on not much more than extrapolations by people with vested interests: the price has gone up a lot so it will keep going up. If it gets above its previous high, it must keep going up.

There is also...

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