Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin gradually turning away from its purpose?
by
ahmedjamal1998
on 07/06/2024, 12:55:58 UTC
Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

I don't think so.
Bitcoin is a P2P currency which is supposed to give people the financial freedom to send and receive funds without being tied down.

But at the same time it also has monetary value. The fact that investors are in it doesn't mean that it's turning away from it's purpose, it just means that they're realizing it's potential. Whether they see it as a chance to make money or anything else doesn't matter.

If you want proof that it's going in the right direction, look how many people in many under-developed nations are now using crypto to transact because they have no other way. This effect in itself is huge. They're using btc and usd-backed coins as their main gateway to life.

If you ask me, that's a very powerful effect and won't be going down any time soon.