That's the fine thing about Bitcoin, it's a digital commodity, directly exchangeable with physical assets like gold and silver.
You could technically touch things you don't own, with Bitcoin you control your holdings. That's all that matters. You want to be in control over your own holdings, no matter if it's a physical or digital commodity.
A good example is digital payments in your daily life, how do you pay for your utilities for instance, most likely via a invoice on your internet bank. What about credit/debit cards, sure you have a few of those tho and use them for some of your shopping.
There's a valid need for digital payments too, and that's where Bitcoin comes in handy, every time you use digital fiat the bank charge you insane fees for that. 6% for a standard card transaction, $10/mo just to have a bank account and so it goes on, the banks also control your holdings and surveil you.
The fact that Bitcoin exist doesn't prevent you from using physical commodities, in fact, a store that accepts Bitcoin are more likely to also accept gold and silver payments because nobody is pressuring them to stop that. In a area with a bad power grid or internet infrastructure it would make more sense for stores to have more alternative payments methods too.
Personally I don’t trust Crypto in general. I prefer stuff I can physically hold. But I’m very much a Boomer in that regard.
To each their own I suppose.
That's the fine thing about Bitcoin, it's a digital commodity, directly exchangeable with physical assets like gold and silver.
You could technically touch things you don't own, with Bitcoin you control your holdings. That's all that matters. You want to be in control over your own holdings, no matter if it's a physical or digital commodity.
A good example is digital payments in your daily life, how do you pay for your utilities for instance, most likely via a invoice on your internet bank. What about credit/debit cards, sure you have a few of those tho and use them for some of your shopping.
There's a valid need for digital payments too, and that's where Bitcoin comes in handy, every time you use digital fiat the bank charge you insane fees for that. 6% for a standard card transaction, $10/mo just to have a bank account and so it goes on, the banks also control your holdings and surveil you.
The fact that Bitcoin exist doesn't prevent you from using physical commodities, in fact, a store that accepts Bitcoin are more likely to also accept gold and silver payments because nobody is pressuring them to stop that. In a area with a bad power grid or internet infrastructure it would make more sense for stores to have more alternative payments methods too.