Post
Topic
Board Economics
Re: What is the nature of the value of Bitcoin?
by
RainbowKun
on 18/08/2021, 12:52:42 UTC
For me the value of bitcoins comes from a few factors. The most important one is that bitcoins are the biggest crypto coin with a lot of investors. The second one is that bitcoins is known every where around the world, even children have heard about it. Another factor is that the bitcoins are limited in their number. They are independent from governments and can't just be created out of thin air. The biggest problem many of us investors have with FIAT money is that a government can just decide one day to print a lot of new money, destroying the value of the existing savings. To protect ourselves we can go into the crypto world.

Yes, the government can arbitrarily trigger currency and destroy the value of existing currency savings. But when Bitcoin was born, Bitcoin gave us a whole new choice. We can abandon fiat currency and embrace Bitcoin. We use the encrypted world to protect our wealth, and we have real freedom.