Why Does Bitcoin Have a Value?
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Why does bitcoin have a value?
The value of a
bitcoin is determined by a variety of factors. Finally, both crypto and fiat
have value because of trust. Money retains its value as long as society
believes in the fiat system. The same can be said about bitcoin: it is valuable
because people believe in it. However, several other aspects should be
Bitcoin, unlike money, does not have a central bank, and its decentralized structure has resulted in a distinct financial system. Blockchain technology provides numerous advantages in terms of security, utility, and other factors.
Why do cryptocurrencies have value?
People, for example, find value in investing in Bitcoin because they know others trust it, accept BTC in payment systems, and utilize it as a medium of exchange.
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