The total number of BTC ever to be in existence is capped at 21 million. This scarcity has made it valuable similar to precious metals like gold, silver, diamond etc. also a large number of people are interested in BTC and are also investing in it.
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What are your thoughts do you believe BTC will remain the greatest crypto currency in the world.
21 million total Bitcoin means limited. The value of Bitcoin is not the same as gold because the total amount of gold is infinite from time to time.
Bitcoin is known as digital gold because it has value, but the scarcity of Bitcoin is not the same as gold. If the 21 million Bitcoins run out, Bitcoins cannot be printed like paper money so Bitcoins are more valuable. Gold will not run out because gold comes from nature (earth).
People's interest in investing in Bitcoin is because Bitcoin is a smart investment asset that is not complicated. Bitcoin is used as an investment asset because it hedges its value in the long term. Apart from value, Bitcoin can be used as payment globally.
It is on this basis that Bitcoin has always been above for a long period of time.