Most ask why Bitcoin costs $78K. Carl Menger’s regression th...

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2026-08-30T11:05:10Z

Most ask why Bitcoin costs $78K. Carl Menger’s regression theorem answers it. Value regresses from past utility to current demand.

Bitcoin began as cypherpunk utility (e2e payment, censorship resistance), then gained medium-of-exchange status, and finally achieved monetary premium. Each layer stacked value back to the present.

Where do you see the current premium shifting?

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