1 rich Libsyn https://www.libsyn.com 90 600 Gold is built on a collective belief in its value. There is nothing fundamentally &quot;inherent&quot; other than an agreed-upon value. The same is true with Bitcoin and, it's fair to say that all asset prices are fundamentally based on the collective belief about value regardless of some perceived &quot;inherent&quot; value. Game Theory contends that there is a &quot;focal point&quot; around which people coordinate their actions, and it is how value is determined in a market. This explains gold's value for over 6000 years, and it appears to explain bitcoin's value today. Investment Principles and Strategies' podcast https://arcadiacapitalgroup.com/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/19695950/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/126475547