I see, now the burden of proof lies on the bitcoin side. And I guess the free trading activity on markets globally over the years that led to this price is not a proof. But trading activity between various currencies against the Dollar is an accurate measure of each currencies worth (value??) is it not? Is it not obvious that value is subjective? People are trying to define it in hindsight. And everything is so obvious in hindsight. If bitcoin ever became worthless, there will be many geniuses saying 'I predicted that', never mind the fact that an open prediction is meaningless. Never mind the fact they were doom-saying since 2012 or something. This asset crushed, let us look at history, find a reason, find a pattern, aha, for that reason its 'value' was wrong. Of course it doesn't really work when you try to apply that pattern to predict the future now does it? We got the doom-sayers crying global financial collapse since 2009 with all sorts of fancy charts as 'evidence'. We are not going to call these broken watches geniuses because they may happen to be right every decade or so. For me, and I really think I am using common sense here, the idea that there is a 'value' to something different than its current market price is naive. Wishful thinking for people who think they can predict the future. Just a few assumptions to add, the market is sufficiently global, free, liquid and critical information is known to every participant at the same time.