broadmode on Nostr: The $USD exchange rate for #Bitcoin merely communicates the current equilibrium ...
The $USD exchange rate for #Bitcoin merely communicates the current equilibrium between all successfully executed buy and sell orders across all the popular auction houses (exchanges).
This does not actually tell us the value of #Bitcoin, only that the market is slowly discovering what that value could be.
Tip: it's ∞ when measured in $USD.
Published at
2024-11-23 01:48:42Event JSON
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"pubkey": "356875ffd729b06eeb4c1d7a70a1f750045d067774d21c0faffe4af2bf96a2e8",
"created_at": 1732326522,
"kind": 1,
"tags": [
[
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],
"content": "The $USD exchange rate for #Bitcoin merely communicates the current equilibrium between all successfully executed buy and sell orders across all the popular auction houses (exchanges).\n\nThis does not actually tell us the value of #Bitcoin, only that the market is slowly discovering what that value could be.\n\nTip: it's ∞ when measured in $USD.",
"sig": "65cab61cabf18823bbeb03e2cf2738b721c5e4acf713e853c4e5fe76b7870d745d46f4868e03d5b8767c407f2eba52f8b760d280ee718ae9883e046ac8d6a558"
}
