Like any currency, cryptocurrencies gain their value based on the scale of community involvement. Cryptocurrency gains value if the demand for it is higher than the supply . When a cryptocurrency is useful, people want to own more of it, driving up the demand. Since people want to use it, they don’t want to sell it.16 Mar 2022
Read moreDoes cryptocurrency have real value?
Similar to Fiat currency, Bitcoin (or most of the cryptocurrencies) is also not backed by any gold or silver hence does not have any intrinsic value . The value of any currency comes from the backing of the state and the trust that people have over the government.
Read moreWhy is Bitcoin a good investment?
You can easily trade bitcoin for cash or assets like gold instantly with incredibly low fees. The high liquidity associated with bitcoin makes it a great investment vessel if you’re looking for short-term profit . Digital currencies may also be a long-term investment due to their high market demand.
Read moreIs a real Bitcoin worth anything?
One of the many interesting things about physical bitcoins is their value. You would expect a material version of the crypto to be worth what the crypto is worth itself, but because of the comparative rarity and the collectability of the physical coin, it is often worth more .
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