One of the hot questions regarding the bitcoin since the first ones were created in January 2009 is its real value. According to Warren Buffett, the most influential investor in the world, the answer to this question would be: not much.
We will try as well to answer to this question using two concepts in economics and finance: minimal (or residual) value and Ponzi schemes. The minimal value approach is a prudent approach. Under this approach we would like to know what value remains when everything goes wrong as in cases of market disruption or economic crisis.
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