Why is crypto worth anything?

Perhaps the most common reason why people invest in cryptocurrency is to speculate on the price in the hope the asset will be worth more in the future . Everyone from Twitter thought leaders to institutional wealth managers have made guesses as to when bitcoin will hit $100,000.

People buy bitcoin because of value and values . People buy bitcoin because it is a system of money that corresponds to how humanity has exchanged value for most of our history. Technologically, this system is based on mathematical formulae and a straight-forward verification and record system.

Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand . If the price of one bitcoin were to reach $514,000, Bitcoin’s market capitalization would reach approximately 15% of the global currency market.