I've just watched the John Oliver show about cryptocurrencies and something struck me about what he said:
" like most currencies, the fundamental reason that bitcoin has value is that people agree that it has value"
I just want to know your thoughts on this. I only have a little understanding about the idea of currency and its value although i've already been at it all my life. Im new into this kind currency and right now its plumetting.
We still in the beginning of the Bitcoin Era, I can say that the value of the bitcoin is still cheap. I am really sure that the bitcoin will boom in the following years. Many more people will adopt and use bitcoin as currency.