What gives bitcoin it's value and can you prove it? I'd say it has been adoption and the soundest and trustless code and it's security. However not much else you can do with it but store it as you would gold. Now.... what has been lacking in a lot of these new currencies is the principles of bitcoin that made it as valuable as it is today.... Ownerless for one, and no need for central authorities and nothing they can do to regulate it.. I think once people realize the power of smart contracts, there will be a new class of people.
RE: Bitcoin is likely to cannibalize gold as the preferred store of value going forward
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Bitcoin is likely to cannibalize gold as the preferred store of value going forward
You can move it across borders cheaply and easily, you can carry it in your pocket, and you buy many things online with it now. And that doesn't even include all the new defi options you can use it in. Bitcoin has tremendously more use cases than that brick of gold that mostly just works as a paper weight.
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Agreed. More use cases should be known by now... especially on the earning potential besides ROI of when you first bought and the appreciation thereafter.
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