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

Bill Ackman says U.S. economy risks a ‘train wreck’

Hedge fund billionaire Bill Ackman says the U.S. economy risks heading for a “train wreck,” following Wednesday’s interest...

Chainalysis breaks down how scammers adapt during the bear market

While scammers can also feel the chill of the crypto winter as scam revenue drops by 46%, some...

FirstFT: SoftBank’s Arm to raise prices ahead of New York IPO

Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa...

Canva introduces new AI-powered design tools in a major update

Web-based design platform Canva is introducing a colossal suite of new brand management products and AI-powered design tools...

Adragos Pharma acquires Clinigen’s development unit, Lamda Laboratories

Acquisition strengthens Adragos end-to-end integrated service offering within the pharmaceutical product development segment Agreement includes further product development activities...

Disaster For Trump As Appeals Court Rules His Own Lawyer Must Testify Against Him

A federal appeals court has ruled that Trump lawyer Evan Corcoran must testify against the former president in...

Must Read

- Advertisement -

You might also likeRELATED
Recommended to you