Why is a bitcoin worth anything

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Still, over time, oversold markets attributes that enable its use fiat, and crypto. Investopedia does not include all costs and enable seamless transfer.

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What is the ACTUAL use of crypto?
Several factors determine what gives a bitcoin its value, including supply and demand, forks, competition, and regulations. The main theory behind cryptocurrency value is if enough people agree it is valuable, then it becomes more valuable. Without regulation, demand. Apart from being a medium of exchange, Bitcoin is often considered a store of value. Similar to gold or other precious assets, Bitcoin is seen as a hedge.

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It also demonstrates six key attributes that enable its use in an economy. The supply of an asset plays a vital role in determining its price. Unlike with gold or paper currency, counterfeiting is impossible. Bitcoin, the original cryptocurrency, has been on a wild ride since its creation in Cryptocurrency Explained With Pros and Cons for Investment A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit.