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?
although it is not supported by real physical assets such as gold and stocks, it does not mean that bitcoin is not valuable, because until now there are still many who trade it so that it is clear evidence that bitcoin is as valuable as gold and stocks.
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.
yes, the fact that has happened is that bitcoin has a very fantastic value and is very high in value, and even continues to grow to be able to reach an ever-increasing price.
bitcoin is increasingly being known and used as a very promising investment similar to existing investments, even now many are turning to bitcoin.