Is Bitcoin actually used for anything?

It is a speculative asset because it has no practical value outside of the fact that there is a promise of future value . The majority of people who have Bitcoin hold it for that promise, while a few may transact short-term to hedge against that bet. As a store of value, Bitcoin has several favorable properties.

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How does cryptocurrency make you money?

Cryptocurrency operates on a blockchain, the digital ledger of cryptocurrency transactions, ensuring that the same coin is never used twice. Transactions are processed on a blockchain network made up of thousands of machines, and in return for the efforts of these machines, owners can earn cryptocurrencies .

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