Unfortunately Bitcoin is not destined to be a long term holder of VALUE.
It was always designed as a quick universal exchange, not digital currency. There is nothing backing Bitcoin except it's users and that bubble will burst like every single one before.
There has been a lot of USE of Bitcoin.
Unfortunately Bitcoin is not destined to be a long term holder of VALUE.
It was always designed as a quick universal exchange, not digital currency. There is nothing backing Bitcoin except it's users and that bubble will burst like every single one before.
It is backed by the huge expense of electricity in mining it. If it was backed by nothing, anyone could issue it without cost.