Post
Topic
Board Bitcoin Discussion
Re: What is Bitcoin and why is it so high value?
by
Luzin
on 21/05/2021, 14:15:29 UTC
why is it so high value

The consensus about the belief in bitcoin is driving the price high. Everyone believes and agrees that bitcoin has this value like a currency. Unlike traditional currencies, bitcoin is considered to be more inflation-resistant because of its limited supply. But can bitcoin be worthless? I've read that it can happen if everyone does not believe in bitcoin it will happen. Here I highlight that concessions have played an important role in the value of bitcoin to date.