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Contrary to popular belief, value cannot exist without an evaluator. Bitcoin has both objective and subjective value which is only starting to be recognized.
Cryptocurrencies have emerged as a disruptive force in the financial landscape, challenging traditional notions of value and ...
Why Does Bitcoin Have Value? Unlike fiat currency, cryptocurrencies like Bitcoin aren't backed by the full faith of the government. But, they do display the same attributes a fiat currency system ...
If you couldn’t do anything with Bitcoin at all, if there were no Blockchain ledger that allows P2P exchange of this mathematical numeraire, if you could somehow drive a wedge between Bitcoin ...
“You have to really stretch your imagination to infer what the intrinsic value of bitcoin is,” Greenspan said.. “I haven’t been able to do it." Business Insider CEO Henry Blodget agrees.
Bitcoin originally was just a peer-to-peer payment platform, but increasingly it's becoming the reserve currency for all other cryptocurrencies, and that means it's also becoming a store of value.
Even after eleven years experience, and a per Bitcoin price of nearly $20,000, the incredulous are still with us. I understand why. Bitcoin is not like other traditional financial assets. Even describ ...
Listen to various Bitcoin critics for long enough and you’ll inevitably hear the argument that Bitcoin can’t possibly succeed because it doesn’t have any intrinsic value. You can’t hold a bitcoin in ...
The implication is that, with no intrinsic value, bitcoin should not be worth anything at all, let alone have a market cap of over $850 billion dollars. Yet, with respect, they are all mistaken.
Since it’s not government-backed and doesn’t have any assets behind it, it's natural to wonder why people think bitcoin is worth so much -- or anything.
Bitcoin and other cryptocurrencies have seen their market value rise incredibly since 2009. Determining an intrinsic value for a virtual token has confounded analysts and investors.
In the realm of economics, there are plenty of terms that might confuse the layperson, but most of us probably know what the word "money" means..