Rob Berger , Contributor

I write about building wealth and achieving financial freedom.
Opinions expressed by Forbes Contributors are their own.

I’m sitting at my kitchen table at 6:31 p.m. ET on Friday, December 1, 2017. The price of Bitcoin is $10,790.58.

It’s here that I’m reminded of something Warren Buffett’s often said. Price is what you pay, value is what you get.

So what value does a Bitcoin buyer get in exchange for $10,790.58 of his or her hard earned U.S. dollars? That’s what I’m going to attempt to answer in this article.

Before we can attempt to value Bitcoin, we first must agree on what it is. That turns out not to be so easy.

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