Quote from: Onyeeze on December 26, 2024, 11:19:53 PM

bitcoin is a currency of its own and the reason why is being created it is best known to the satoshi nakamoto but after Bitcoin is being introduced in 2009 it is when people started knowing the important of Bitcoin despit that the government was kicking against the development of Bitcoin, but I know that bitcoin is now a global currency which many people use for easy transferring of currency for one place to another and that is why it has been embraced but why worldwide because of the benefits people find for the technology of Bitcoin and secondly it does not delay for transmission of transaction to particular country that you transfer to it so bitcoin is very important and it will continue to stand until infinity.

There are different arguments to Bitcoin been a currency but personally, I don't see it as a currency. It's an appreciating assets. See Bitcoin like a digital gold, you can exchange it for anything as long as there is demand for it but it's not a currency because you will never see anyone use it as a currency but as a reserve and means of putting their wealths intact so inflation wouldn't tamper with their assets, this is why there is speculation of it adoption by us government.

If Bitcoin is a currency, it is going to be a good thing for the price and the holder but then again, how are you going to manage business seeing Bitcoin was trading around $108k some weeks back and today it's trading around $93k, this is bad for day to day business activities and can't be use to sustain any business funding but if you want to preserve your wealth for a long term, it's definitely going to be worth it as long as you don't sell it.