>> Bitcoin is worth exactly what the next guy will pay for it
> So is everything else in the universe.

Not really. Tangible things like cars, houses, etc. all have an underlying value.
Instruments such as stocks, bonds, insurance portfolios, loans, also have a value
but it's less tangible.

What this means in the practical sense is if I try to sell a $100K house for $200K
I may get stupid lucky... but if I don't... if I bring that price below $100K, someone
will come buy it. Because it's worth it. Not j