Cryptocurrency Q&A What makes Bitcoin so valuable?

What makes Bitcoin so valuable?

Tommaso Tommaso Thu Dec 19 2024 | 7 answers 1789
I've been hearing a lot about Bitcoin and its skyrocketing value. I'm curious to understand what drives its worth. What are the factors that make Bitcoin so valuable? Is it just hype or are there solid reasons behind its price surge? What makes Bitcoin so valuable?

7 answers

JejuJoy JejuJoy Sat Dec 21 2024
Bitcoin frequently draws parallels with gold owing to its scarcity and its perceived role as a store of value.

Was this helpful?

381
31
Andrea Andrea Fri Dec 20 2024
As a digital asset, Bitcoin's scarcity enhances its value proposition.

Was this helpful?

76
43
Nicola Nicola Fri Dec 20 2024
Similar to gold, the total supply of Bitcoin is capped.

Was this helpful?

352
73
Sofia Sofia Fri Dec 20 2024
Investors and enthusiasts often view Bitcoin as a hedge against inflation.

Was this helpful?

262
65
CherryBlossomDance CherryBlossomDance Fri Dec 20 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services related to Bitcoin.

Was this helpful?

167
95
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts