Valuing Bitcoin Based On HODL


October 25, 2021

Defining Money

After 12 years of adoption, the concept of bitcoin as digital money is now widely known. Ironically, when learning about bitcoin, many individuals are forced to (re)consider what money is. One example of a definition that they may run into is:

Bitcoin’s digital nature allows a seamless transfer of value across space. Its 21 million maximum supply makes it dilution-resistant and perfectly scarce, also allowing it to maintain purchasing power over time ​​— assuming the future demand does not decline. So far that hasn’t been the case.

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