#BTC120kVs125kToday
“Bitcoin is a remarkable cryptographic achievement, and the ability to create something that is not duplicable in the digital world has enormous value.”
“Bitcoin is a store of value that is more religion than solution to any problem.”
It's important not to think about Bitcoin as a replacement for cash or gold or something that works alongside that; it's to think of it as programmable money. And we just cannot even imagine what that will be used for. I think, more than anything, Bitcoin presents an opportunity.
Who controls Bitcoin?
Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use.
Why is Bitcoin so powerful?
Bitcoin has value because it can be exchanged for and used in place of fiat currency, but it maintains a high exchange rate primarily because it is in demand by investors interested in the possibility of returns. Of course, many other factors influence Bitcoin's value. Read on to learn more about why Bitcoin has value.
Why has Bitcoin gone up in value?
It was boosted by an executive order from President Trump to establish a strategic bitcoin reserve in the US, which he described as “a virtual Fort Knox for digital gold”. Other governments and institutions are looking towards bitcoin, which has further legitimised it and signaled long-term confidence.