These are some interesting points around its value, but it can absolutely be inflated, no? Given that most of our standards of value are tied to fiats, and that Bitcoin's exchange with said fiats is highly variable, the value of your crypto wealth can totally be out of your control.
Fortunately for most bitcoiners who got in early, it's been variable in a positive direction... But not for everyone.
Fortunately for most bitcoiners who got in early, it's been variable in a positive direction... But not for everyone.