RE: I can’t believe that22 Apr 2021 12:04
It's scarcity same with things like gold. Specifically with Bitcoin but not all Cryptos.
There will only ever be 21 million bitcoins. No more no less.
Same reasoning as there is only so much gold on earth.
If we discovered tomorrow how to make gold through some kind of allomancy we'd be in for a shock.
The same cant be said for the USD for example. Each year more can be printed devaluing what somebody has under the bed and making prices rise.
Bitcoins don't have that issue which is what makes them precious and valuable.
Like i'm not trying to sell you them, for sure they can go up and down but they definately have value.
I bought some Digibyte last year for example todays year earning on that is +1,505.21%
I treat them as shares, I tend not to use them as currency but day by day and year by year we get closer to seeing them being more and more mainstream.