Noticing BTC proceeding down for quite some period now, I presumed people will be withdrawing their assets to shares in other businesses. But it amazed me that BTC is gaining more rage and a multitude of people are still rushing BTC. What is the secret behind BTC?
The secret? Just read the whitepaper until you understand how important Bitcoin is. Its a money which provably cannot be controlled or regulated or frozen by anyone. The reason being that that very control is distributed among miners. And anyone can become a Bitcoiner miner at any time as long as they have internet. This is also the reason why most of us are strictly against implementation of PoS for Bitcoin, but thats a different discussion.
Its also based on a system of being a public ledger. So saying that criminals can stay anonymous with Bitcoin is nonsense.
The underlying value is not merely speculation but also the cost that mining.
So it has provable value and a free nature. Thats next gen money.