Post
Topic
Board Economics
Re: What is the nature of the value of Bitcoin?
by
istiak2277
on 18/08/2021, 09:06:16 UTC

I think the consensus of Bitcoin is energy. It is more solid and powerful, because it can solve many problems in the current financial system. It can affect finance, and it can affect everyone. It can affect a country or even a country in the world. There are contradictions.


If you read previous comments, you will understand that bitcoin is not energy nor does it stores energy, but we need to use energy to mine it. Instead, we can store value in bitcoin by buying it against fiat currencies as we did with gold and diamonds. The value of bitcoin follows supply and demands theory like when supply is less than demand, value increases, and changes of value are high because the supply of bitcoin is very limited.