CryptocurrencyDoes Bitcoin Have Intrinsic Value?

Does Bitcoin Have Intrinsic Value?

Listen to various Bitcoin critics for long enough and you’ll inevitably hear the argument that Bitcoin can’t possibly succeed because it doesn’t have any intrinsic value. You can’t hold a bitcoin in your hand, you can’t wear it, you can’t do anything with it besides trade it to someone else.

Gold bugs love to point out that unlike bitcoin, gold is used in all sorts of industries such as electronics, jewelry and dentistry. Establishment fiat investors and economists love to point out that unlike stocks, bonds and farmland, bitcoin does not produce anything. However, what both groups fail to understand is that these are not bugs, but rather very key features of Bitcoin.

Original Source Link


Please enter your comment!
Please enter your name here

Latest News

Dobbs, Abortion, and Stare Decisis

Friday's ruling in Dobbs v. Jackson Women's Health Organization includes a wide-ranging debate over whether the majority's decision...

3 Possible Solutions To Housing Booms And Busts

Changes in demand caused by the pandemic were, of course, a big part of the house price boom...

Gabby Petito Family Attorney Claims Roberta Laundrie Sent ‘Odd’ Letter To Son Brian That Was Marked ‘Burn After You Read This’

Things are continuing to not look good for the Laundrie family… As we previously reported, the notebook belonging to...

We could be using facial authentication for more than unlocking our ph

Apple’s product release events are famous for providing the stage where innovative products and services are introduced to...

Must Read

- Advertisement -

You might also likeRELATED
Recommended to you