Before, we used to say this: "we're in it for the tech, for blockchain technology". Nowadays, I don't think that most people who are getting into Bitcoin will say the same thing. It's mostly about it being a store of value, an asset, an investment because of the value of it keeps on growing.
sure a lot of kids nowadays are interested in growing technology as well but we should also acknowledge that a lot of young kids these days are interested in investments and whatnot because they have learned about money very early on in life
look how they grew up where pretty much everything costs so i believe they all grew up under the gig culture where everyone is doing something to make profit
the fact that these kids are very tech savvy is only a bonus because they can make money just using their own devices
One factor about these kids interested in investments and money is due to their parents who are also doing the same thing. But fortunate are those parents who don't teach their kids but iare nterested in these matters. They're going to earn that once they've full grown up as long as they're consistent.
Before, we used to say this: "we're in it for the tech, for blockchain technology". Nowadays, I don't think that most people who are getting into Bitcoin will say the same thing. It's mostly about it being a store of value, an asset, an investment because of the value of it keeps on growing.
Most people are into Bitcoin not because it is a store of value but rather it is a good form of investment since people who bought Bitcoin are ready to sell their stash the moment they see profit. That said, Bitcoin is bought for profit generation and not as a store of value. Only a few use it that way.
While there can be some difference about being a form of investment, in layman's terms there is no difference whether someone thinks of it as a store of value or an investment. Because both of it contains the appreciating factor that we're all looking for to an asset.
Before, we used to say this: "we're in it for the tech, for blockchain technology". Nowadays, I don't think that most people who are getting into Bitcoin will say the same thing. It's mostly about it being a store of value, an asset, an investment because of the value of it keeps on growing.
Well, if they've already learned something about it, definitely they will just say the same thing. When I first started in Bitcoin, my impression is like an investment asset, but I've studied about it, now I'm investing for the tech. There are new people coming to bitcoin but we can't deny the fact that the technology behind bitcoin is really good and it's a steppingstone for believing to it. Eventually, people will get a practical thinking that it will not always going up, we need to stick to the narrative of being a digital gold and of course trust the blockchain that backs it. It’s all part of the maturing process as more people get educated. Once they understand what makes BTC unique, they’ll see it’s more than just price hype.
That's right, still there are investors that are looking at the tech behind it and that's why they're going for it. But we can't stop people who just go here and buy it for being an investment. There is nothing wrong with that and that's making it a stronger argument because financial institutions see it that way.