On the surface, it doesn't resemble stocks—no companies, no revenue. It's not bonds—no steady interest cash flow. Nor is it physical assets like real estate or gold.
Yet Bitcoin still has value, is still traded, and many people consider it digital currency. Why is that?
This question is worth pondering. It touches on the essence: where does the value of an asset lie when it doesn't generate profit and has no physical form?
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MagicBean
· 7h ago
Basically, it's just faith holding it up. Whoever believes will pay the price.
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AlwaysQuestioning
· 7h ago
Basically, it's a confidence game; we're all betting that others will keep paying.
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MetaverseMigrant
· 7h ago
At the end of the day, isn't it just consensus? If everyone believes it's valuable, then it is valuable...
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TokenTaxonomist
· 7h ago
honestly the whole "what gives btc value" debate is just people refusing to admit it's all consensus mechanics dressed up as philosophy lol
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TradFiRefugee
· 7h ago
Basically, it's just that faith is valuable, no different from tulip mania.
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MEVHunterWang
· 7h ago
It's just faith holding it up... If there's demand, there's a price. Simple and straightforward but true.
What is Bitcoin valuation based on?
On the surface, it doesn't resemble stocks—no companies, no revenue. It's not bonds—no steady interest cash flow. Nor is it physical assets like real estate or gold.
Yet Bitcoin still has value, is still traded, and many people consider it digital currency. Why is that?
This question is worth pondering. It touches on the essence: where does the value of an asset lie when it doesn't generate profit and has no physical form?