Why is Bitcoin valuable?
166 sats \ 7 comments \ @bitties 11 May bitcoin
Bitcoin offers a service that millions of people today evidently find valuable: the ability to hold wealth without relying on a centralized institution.
There’s no other way to store significant wealth without relying on a financial institution.
Heres three key reasons for why Bitcoin adoption will continue to grow:
  • Trust in institutions is hitting historical lows
  • Government debt is hitting historical highs
  • 29 countries are facing double-digit inflation
Millions of people around the world deem the service bitcoin offers attractive. It’s reasonable to believe that more will want to partake of this service in the future.
Bitcoin offers a service that billions of people want
And there is a limited supply of Bitcoin
Price is where supply meets demand. It doesn’t get any simpler than that.
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21 sats \ 1 reply \ @Undisciplined 11 May
I think one of the key elements is that once someone discovers that Bitcoin provides that service they don’t switch back to traditional services.
Bitcoin is a black hole.
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22 sats \ 0 replies \ @bitties OP 11 May
I have been sucked in. It’s saving me money and making me money at the same time. I came here to learn more of the technical side.
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20 sats \ 0 replies \ @quark 11 May
Bitcoin is transformed energy into property. You can own energy. Energy is everything that moves the world. Fiat money alternative is having a bad time, losing trust at high speed with an inevitable end.
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10 sats \ 1 reply \ @BitcoinAbhi 11 May
Nice post.
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0 sats \ 0 replies \ @bitties OP 11 May
Thank you!
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0 sats \ 0 replies \ @harrr 12 May
You gave three reasons why fiat money is worthless, zero for why bitcoin is valuable.
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0 sats \ 0 replies \ @BitSapien 12 May
It's the only commodity in the world where its supply is perfectly inelastic. We have never had an asset of this sort before.
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