Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?
Actually I do not agree with that, because bitcoin have much in common with gold.
Bitcoin and gold have a high value not because of any physical basis, but rather the belief of the whole society in the world that holds it.
And when talking about the volatile bitcoin price, I think, Volatility like that is something reasonable for a new asset on the market like bitcoin.
If we see how the volatility of gold prices when newly released in the era of Nixon government, Compared to the value in those days, the price of gold now has recorded growth of up to thousands of percent.
And.. If Bitcoin is able to stabilize its price, then it is possible that in the future there will be growth consistency that can be expected.