0/ Just because an asset is used by millions of people doesn't mean it'll accrue value over time. USD is a great example. Conversely, a cryptoasset must be a good store of value (SoV) to achieve and sustain a high market cap. But what makes a good SoV?
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On a per dollar basis.
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Every asset accrues value relative to some base asset. Can you elaborate?
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Relative to the basket of goods that are used to calculate the CPI for example.
End of conversation
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