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RE: Is Bitcoin a Fiat Currency? | Does Bitcoin Have Intrinsic Value?

in #cryptocurrency7 years ago

Of course Bitcoin is not a fiat currency . And yes the 21 points are things to like about Bitcoin. However, none of these points bestows intrinsic value on Bitcoin.
Gold is (usually) a mediocre investment at best. It is too volatile to be a great store of value....although .....its price is a lot less wild than that of Bitcoin . But gold has intrinsic value...mostly because billions of people think it does. It is nice that intelligent, well educated and sophisticated people believe Bitcoin has value . If the working person in India starts buying BTC instead of (or at least as well as) gold, then BTC will be “real”. It will be an interesting thing to watch. I remain Crypto agnostic. I own a bit of Crypto. I own a bit of gold and silver. Wealth- producing equities are better than both.