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.
Read moreWhat is difference between blockchain and Bitcoin?
Bitcoin is a cryptocurrency, while blockchain is a distributed database . Bitcoin is powered by blockchain technology, but blockchain has found many uses beyond Bitcoin. Bitcoin promotes anonymity, while blockchain is about transparency.
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