Post
Topic
Board Bitcoin Discussion
Re: Does Bitcoin have any real value?
by
numberslacey
on 11/10/2021, 06:52:01 UTC
Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

This issue is as old as hills. I used to think that Bitcoin is just a toy or a Ponzi scheme. But now I am getting crypto and economic education at the university, and I have completely changed my opinion. First of all, I want to ask you if Gold is backed by anything, or why do many people think that it is one of the best investment? What is more, as Bitcoin is adopted by many companies and even whole countries, it become supported by their ecnomics.

I agree but it is people's obsession with gold. They love to wear it in the form of jewelleries only to flaunt it. So they are ready to pay high value for it but that's not the case with bitcoin.