What makes Bitcoin valuable?
Bitcoin is an amazing methodology of transacting money irrespective of the border over the web.
It is under the authority of a decentralized network having a clear set of rules and regulations. Hence, an excellent and efficient substitute to the centrally controlled bank money. It has a huge widespread popularity.
Let us find out what makes Bitcoin so valuable and acceptable.
Bitcoin deserves value as a means of store of value and exchange of money
Bitcoin deserves its right as a valuable aspect both as a means of storage and way of exchanging money. It won't be wrong to mention that the function of Bitcoin as a store of value depends on the function as the platform of money exchange.
When you use sometime as a store of value it needs to have an inherent value. If Bitcoin has no success as a money exchange platform, it will also have no appeal as a store of value.
The supply of Bitcoin is predicted to increase drastically
It is anticipated that the Bitcoin supply will reach around 21 million in the coming years.
The current supply of Bitcoin is almost 13.25 million. In every four year, there is a decrease in the rate at which Bitcoin is released by almost half. The supply of this crypto coin is assumed to cross 19 million and even more in the next four years (by 2022).
The volatile nature of Bitcoin will get eliminated
Bitcoin is considered to be volatile in nature, and this is one of the prime concerns that often discourage its acceptance and 비트코인 거래소 adoption in the financial system.
But, 비트겟 as more and more people and business ventures are investing in this cryptocoin and getting associated with the crypto currency, it is believed that very soon the volatile nature will show a decrease.
Furthermore, it is also believed that it will gain legitimacy in the majority of the nations and there will be a stipulated framework in the financial system for the crypto currency to function side by side the traditional currencies.
Widespread acceptance of Bitcoin is required
If you give a close look at the current market value of this crypto coin, you will find that it is highly influenced by the speculative interest. It somehow displays the features of a Bubble, which has dramatic price increase and also high media attention, especially in the years, 2013 and 2014, it is believed that as the currency achieve its acceptance and adoption widespread in the mainstream financial economy, 비트코인 거래소 the speculative aspect in Bitcoin will decrease.