Up until now, after the BTC frenzy, the current psychology of owning BTC is: I now have digital gold. So, do you own digital gold?
Even though most people compare bitcoin to digital gold, I don’t really see it that way. I treat bitcoin as a whole new currency because it is. It is a currency that was created by a person and then later on distributed to the community. It’s not from the government and certainly not from the banks.
It just happens to be in demand that is why we can make profit from buying and selling it. But in reality, it does not have anything to do with gold or its price.