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The value is in the network itself. Lots of people think that its the digital tokens or coins that have value, but its the system as a whole. The value is also
by ost-ing 1y ago
The value is in the network itself. Lots of people think that its the digital tokens or coins that have value, but its the system as a whole.
The value is also in the “need”. Corporate treasuries need a way to store wealth that doesn't inflate over time, gold inflates 2% per year, bitcoin 0% - so it fills an institutional need
- al_borland 1y agoDoes Bitcoin still fit this need with the volatility Bitcoin sees? Do corporations really want to put their stored value it something so unpredictable?
- ost-ing 1y agoWhats been shown is that if you hold bitcoin for 4 years or longer the investment has performed very well and significantly outperformed the S&P. Companies buying billions worth of bitcoin are thinking strategically about it, they arent retail investors who panic sell after a few months