3 ms·
> Why are those capabilities enough to drive the price of a Bitcoin up? The market values those capabilities because it is the only asset in the entire univers
by vmception 6y ago
> Why are those capabilities enough to drive the price of a Bitcoin up?
The market values those capabilities because it is the only asset in the entire universe of fungible assets that has that feature.
A) Bitcoin's ability to support that assurance is tied to the consensus model of bitcoin. The harder or more expensive it is to change anything at all let alone contentiously, the greater amounts that people will want to store as bitcoin.
B) Other market participants value other things about bitcoin, or at least demand it. So there simply is a market.