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The price of any coin is simply the
Last Price Paid.
MC is LPP*coins in circulation

Only a small portion of bitcoin being traded Determines its fiat price.

Utility creates demand,
Demand increases price.
replied 546d
The supply remains constant.
12.5 new coins every 10 mins (on average)

This does not change, no matter how many coins you burn

(halving obviously - 50%)