Post
Topic
Board Economics
Re: Why would people ever use bitcoin if its expected to always go up?
by
Ngemmeng
on 25/09/2021, 15:09:26 UTC
Now everyone does not pay attention to their privacy. The use of Bitcoin for payment reduces the number of third parties and protects our privacy. There are many people who are willing to use Bitcoin to pay.

I think the best thing about bitcoin is that it can be used to pay, with functions like fiat, bitcoin will last for a long time, maybe most people currently only use it for trading and long-term hold, this is what makes bitcoin too volatile because demand and stock can skyrocketed unexpectedly.
precisely because the price of bitcoin is very volatile, bitcoin will not be able to replace fiat money as a legal tender. I think the best thing for bitcoin is that it is recognized by the whole world as a safe investment tool.