Bitcoin actual value

Bitcoin actual value

Bitcoins are purchased or mined to earn USD. Bitcoin does not standalone it is tethered to the USD. Isn't more a commodity instead of a currency? If the confidence in the dollar drops, Bitcoin has no actual standalone value. For example, if I have a freezer of pork bellies worth 1 million USD, and the dollar drops, I can trade pork bellies for goods or services, making pork bellies an independent currency. Bitcoins cannot do this.

So beyond speculation measured in USD, what is the value of Bitcoins?

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