Professor Aswath Damodaran discusses bitcoin's pricing
— August 2, 2017
Excerpt from CNBC -- "'The question that you would need to address, if you are paying $2,775 for a bitcoin on August 1, 2017, is whether you can (or even will be able to) buy $2,775 worth of goods and services with that bitcoin,' Damodaran said. He said bitcoin's high price can be justified if the digital currency becomes widely accepted as payment, especially since by design only 21 million bitcoins can ever exist. High demand for a limited supply of coins will naturally send prices higher."