Why does Bitcoin have value?

Feb 21, 2022

Bitcoin derives its value from a variety of different attributes. Blockchain technology offers a great deal of security, utility, and other benefits.

Why does crypto have value?

To access certain services or platforms, you may need to use a utility token. A service in high demand will therefore provide value to its utility token. 

Why is Bitcoin valuable?

The market price of Bitcoin is its value. Characteristics that make Bitcoin valuable are: - Bitcoin’s value in utility - Bitcoin’s value in decentralization - Bitcoin’s value in distribution - Bitcoin’s value in systems of trust - Bitcoin’s value in scarcity - Bitcoin’s value in security

Bitcoin as a store of value

- Durability - Portability - Divisibility - Fungibility - Scarcity - Acceptability

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