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So far, I would like to think that bitcoin has been living up to the expectations of Satoshi Nakamoto despite the numerous challenges it has encountered. Nevertheless, the price volatility has been a huge concern to so many people all over the world. I want to know your thoughts - Do you consider the price of Bitcoin to be more important than its purpose?
For me, the price is important but the purpose is more important because that's how Bitcoin was created. Bitcoin was created initially also because of payment. And Bitcoin also solves the current problems of our traditional finance like banking. We can have a bank from our pocket, that's the best use of Bitcoin for me. So price also important, because if Bitcoin got no price or no worth, it's useless.
The ones whose been considered are the main supporters of its utility are to those people who had purchase or mined or invest into those early years.They do really believe on Bitcoins potential
and we know that the only way we could acquire is whether we do buy it from other people or would be mainly mining it.Later years it did really end up where majority of people been
eyeing into its value potential even though utility has been mostly ignored but cant really deny that people would really be looking after on its profitability.
Doesnt matter though because we do have different perceptions towards bitcoin or crypto market as a whole but there's only two options or reasons imho.