Cryptocurrency Value Or Bitcoin Value

What makes Bitcoin so valuable?
Bitcoin is a great way to trade money across the internet, regardless of borders. It is under the authority of a decentralized network with clear rules and regulations. Therefore, it is a good and efficient alternative to centrally controlled bank currencies. Very popular. Let's take a look at why Bitcoin is so valuable and accepted.

Bitcoin is valuable as a store of value and a medium of exchange. 

Bitcoin has gained value as both a means of storage and a means of monetary exchange. It is not wrong to say that Bitcoin's function as a store of value depends on its function as a currency exchange platform. If something is to be used as a store of value, it must have inherent value. If Bitcoin is not successful as a monetary exchange platform, it will lose its appeal as a store of value. The bitcoin supply is expected to increase significantly. 

The supply of bitcoin is expected to reach around 21 million units over the next few years. The current supply of bitcoin is approximately 13.25 million coins. Every four years, the rate of bitcoin issuance drops by almost half. The supply of this crypto coin exceeds 19 million and is expected to increase further over the next four years (until 2022). Bitcoin volatility will disappear. 

Bitcoin is considered unstable, and this is one of the main concerns that often hinders its acceptance and adoption in the financial system. However, the volatility is expected to subside soon as more and more people and businesses invest in and become aware of this cryptocurrency. Furthermore, it is expected that cryptocurrencies will gain legitimacy in most countries and that a certain framework will be established in the financial system for cryptocurrencies to function in parallel with traditional currencies.

Widespread adoption of Bitcoin is necessary. 

A closer look at the current market value of this cryptocurrency reveals that it is heavily influenced by speculative interest. This currency has somehow shown characteristics of a bubble, especially in 2013 and 2014, which led to a dramatic increase in prices and high media attention. It is believed that as this currency becomes more accepted and adopted in mainstream finance, speculation will also increase. The bitcoin aspect decreases.

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