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?
I have seen many similar questions about this issue, or that cryptocurrency is a Ponzi scheme, but I experienced its beauty after entering the market. I don’t think we can completely deny what we don’t understand. The current attitudes of various countries towards Bitcoin can fully show that cryptocurrencies are slowly gaining recognition and support.