Correct me if I'm wrong but Satoshi did not assign any fiat value to Bitcoin. That in itself means Bitcoin cannot be overpriced.
You are not wrong, Satoshi didn't assign a fiat value to bitcoin, but then without tieing bitcoin to fiat value, how is btc going to be valued or weighed?
Will you say that its value will be tied to assets like Gold?
I'm not saying we should not be assigning fiat value to Bitcoin. All I'm saying is that Bitcoin cannot be overvalued on that basis. After all, what or who can avoid being valued in terms of fiat? Nothing and no one. Even a human person has a price estimate in terms of fiat. But the point is, unlike altcoin projects which are too proud to assign prices to their tokens without subjecting them to the market's assessment, Bitcoin's price is solely determined by the market.
Although there might come a time when 1
BTC = 1
BTC prevails more than 1
BTC = $___.
