Another economic factor people miss that is relevant here is that value is subjective. Market prices are simply a collection of the many subjective values people show for a thing.

The market price is the market's price. Its not my price. Yeah... my price means little to someone else that wants to buy my bitcoin. But many people don't value bitcoin on its own terms and their understanding. They simply go with the market. Its really kinda absurd. Contrast this with something like your house. Many people do not agree with the current market price of their home. This means they don't sell it. The hold it. Is that subjective? Yeah. And that's the point.

There's two sides. What I value and what the market values. If I need to sell something then I have to accept the market value. We have massive ignorance about how the price system works and how markets work. We all should be taught this stuff in school but we aren't. We are taught stupid Keynesian economics and infected with socialist views of money and value.