4 ms·

Ok, but why? Why are people willing to pay that much for it?

• lokimoki 9y ago
  shhhh you'll burst the bubble
• deadmetheny 9y ago
  Because some other nerds got really rich on Internet fun bucks and other people want in on it too.
• Anderkent 9y ago
  Mainly because they believe it will stay valuable. Which is what backs all stores of value - gold and diamonds are definitely not bought for their practical applications. Now why exactly people believe it is and will stay a good store of value is more complicated, but mostly a mix of trust in how miner self interest will keep the keys safe and general desirability of online currency