The value comes from the fact that there are only 17 million bitcoin ever made you cannot make anymore and also they are decentralized they are untamperae when they are placed in a wallet when they are on exchanges which are centralized they are vulnerable
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When Zimbabwe was having a military take over bitcoin was around 7k per but the price reached as high at 13k in Zimbabwe because of fear that the military take over would drain their banks (centralized)
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I have written a paper that addresses the value in depth if you would like me to send to you
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Blockchain is a distributed ledger that is permanent and cannot be reversed it is the opposite of fraud when identity is established in the ledger it is borderless and instaneous unlike long wire transfers it can be used to develop trust peer2peer because the ledger permanent
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Bitcoin simply has value because it is decentralized and has finite amount as it is the store of value to the market it gives other projects and companies with visions utilizing Blockchain value and the ability to fundraise borderlessly
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It has tremendous value because on average companies often spend 1/3 of Capital on simply establishing trust in a busienss relationship but with Blockchain an immutable history is verifiable
End of conversation
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@SenShelby please Sir invite Andreas Antonopoulos to your committee or simple purchase his book or watch any of his YouTube videos so you can have a proper grasp of this new technology.Thanks. Twitter will use this to make your timeline better. UndoUndo
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You should be looking at why there’s a market for a decentralized currency like Bitcoin that is completely public, secure, and has a finite amount.
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Research before making decisions please.
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"We NEED to keep poor people poor, since we can't kill them"
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