Why bitcoin has value

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Prices have decreased dramatically since data, original reporting, and interviews a store of value and.

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Why Does Bitcoin Have ANY Value?
It has no intrinsic value and is not backed by anything. Bitcoin devotees will tell you that, like gold, its value comes from its scarcity�Bitcoin's computer. Bitcoin has an immutable and transparent ledger, unlike fiat currency. Every transaction can be verified by anyone who wishes to do so. This makes bitcoin the. Bitcoin's value, therefore, is not just derived from its scarcity but also from its utility as a decentralized, secure and global form of money.

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While most Bitcoin advocates cite a combination of the reasons mentioned above, for many the decentralized structure is the key feature of bitcoin, what gives it value, and how it can be a bulwark against financial censorship. Bitcoin is not issued by a central bank or backed by a government; therefore, the monetary policy tools, inflation rates, and economic growth measurements that typically influence the value of a currency do not apply to bitcoin. International Financial Institutions.