7goldfish

My answer is "it's complicated". Honestly, bitcoin is just too different from too many things to really be pegged at the moment.

Also, I propose that we use SI style units for talking about bitcoin in day-to-day life... So right now, with bitcoin trading at $100, a cBTC is worth $1, and a mBTC is worth 10 cents.

Let's look at some of the takes on it:
At the moment, everything that I consider to be a traditional currency derives its value from one or both of two places.