We all know that bitcoin is the king and father of all digital assets. Bitcoin was created for 2 purposes.
1. To be an alternative to fiat currency.
2. Stay free from govt control.
At present some big online marketplaces accept bitcoin but from being an alternative payment to fiat currency I think we are still behind. We also saw many countries are hostile towards bitcoin and china baned everything related to bitcoin. So china's ban on bitcoin shows that it's free from govt control or its the opposite? Bitcoin can really be the alternative to fiat in spite of this extreme volatility?
It is true that the primary purpose of bitcoin was to enable people to send money online more cheaply, more quickly, and with greater ease of tracking because this was a major problem prior to bitcoin's creation. However, as you can see now, bitcoin was created for investment purposes, even though it was initially used as a payment method. However, most people believe that bitcoin is a good investment, which benefits us as well. Also, for the time being, bitcoin is unfettered by government, with some countries simply prohibiting or legalizing it, rather than regulating it or regulating it directly.