He has no idea what he is talking about.
80% of the coin is mined already, when the last 20% is done there is nothing to mine. So is totally insane to sugest a bitcoin is worth what it costs to mine.
miners get paid for processing payments, when there is no new coins being made, the miners will get piad in transaction fees bitcoin users pay.
A bitcoin is only worth what somone is willing to pay for it, people will only pay for bitcoin if they think the price is going up. So if the price isnt going up its worthless.
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