What drives its value? Is it the revolutionary blockchain technology, the hype surrounding its decentralized nature, or something more intangible? The more I learn, the more I realize how little I grasp. This ambiguity fuels my fascination.
All of it. What makes bitcoin valuable is market perception. The more people want it, the higher its price gets. The more people can use it or the more bitcoin becomes beneficial to them, the more people want to buy bitcoin.
Will it revolutionize finance or implode under its own volatility? The answer remains elusive.
It has already revolutionized finance. The very fact that we are using bitcoin for payment transactions is enough proof that time has allowed bitcoin to develop and in turn bitcoin has changed the financial system. Yes, there’s still a long way to go but we have progressed already.
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And so, I'm left with the ultimate question: Can Bitcoin's promise of financial freedom outweigh its unpredictable nature, or will its allure ultimately prove to be a siren's song, luring investors to the rocks of ruin?
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How poetic. But basically what you are asking is will it be worth the investment in the end? Well no one knows. Bitcoin is unpredictable and maybe will always be although would be a little less hopefully in the next few years. But if we are talking about financial freedom, no need to think if this is worth it because it is for sure that we can achieve financial freedom with bitcoin. No one else but us controlling our own money. That sounds financial freedom to me.