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Secrets of Bitcoin's Value... From Zero to Trillion Why do people pay their fortunes for Bitcoin?
In 10 years, Bitcoin has evolved from a mysterious innovation in the world of cryptocurrency to a globally traded financial asset with a market value estimated in the hundreds of billions. However, a fundamental question looms on the horizon.
What gives Bitcoin its value?
It does not generate cash flows like companies, nor is it supported by physical assets like gold, and there is no central authority to guarantee its value. So why do people pay tens of thousands of dollars for a digital token that cannot be held?
What gives Bitcoin its value?
It does not generate cash flows like companies, nor is it supported by physical assets like gold, and there is no central authority to guarantee its value. So why do people pay tens of thousands of dollars for a digital token that cannot be held?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.