Cryptocurrency Q&A Why are bitcoins worth money?

Why are bitcoins worth money?

Carlo Carlo Tue Dec 17 2024 | 7 answers 1106
I'm curious about the value of bitcoins. Why do they hold any worth in the first place? What makes them a viable form of currency or asset? Why are bitcoins worth money?

7 answers

GinsengGlory GinsengGlory Thu Dec 19 2024
Bitcoin frequently draws parallels with gold.

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Bianca Bianca Thu Dec 19 2024
This comparison stems from several key attributes.

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Dario Dario Thu Dec 19 2024
One significant factor is the limited supply of both assets.

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CryptoQueenBee CryptoQueenBee Thu Dec 19 2024
Gold's scarcity has long been recognized as a key driver of its value.

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Silvia Silvia Wed Dec 18 2024
Similarly, Bitcoin's supply is capped at 21 million coins.

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