I've talked a lot with my friends, many of whom hold bitcoin and other crypto assets. I feel like there is some information missing for the everyday person who participates in the markets.
I often hear them say something like, "There's nothing behind bitcoin," or, "Bitcoin only has the brand name," or, "It was the first and that's why it's the biggest."
I have even been sent some articles written by well-known economists saying exactly the same things. I don't think they are necessarily wrong, it just seems that they haven't gone far enough in understanding what they hold.
Bitcoin is such a new asset, there are very few people in the world who really understand it. I would go so far as to say that no one in today's society is making the most of it. I believe we are all in the process of discovering it and as it grows and takes over more and more in our financial sphere, we will learn more from it. For me it makes it an incredibly exciting time to be involved in the space, we are experiencing a historic moment.
The thing people don't seem to understand is that BTC offers (for the first time in human history!) an economic network that no single entity can control. It exists as a fact, a constant, a new law of the universe.
Participants in this network have access to their money (the value they have created) forever without fear of being shut down if they do not comply with whoever may be in power at the time. At the same time their stock cannot be diluted, the supply is fixed. They don't need someone to make sure transactions go through, or any intermediary to get final settlement (no matter the amount being transferred).
This is why bitcoin is so important to human progress in the future, to help us get rid of everything that stands in our way, to put power back in the hands of the people. My belief is that in the long run all other systems will prove to be less powerful than a purely objective one, where no one controls it and is therefore resistant to manipulation. I always urge my friends not to put Btc in the same bag as all other cryptocurrencies and learn about it as much as possible.
Bitcoin is such a disruptive technology and I believe in it for many more reasons than just "the number is increasing".
A lot of people are saying that there are no assets behind this, not taking into account all that, which I find disingenuous. Unfortunately a lot of legacy media people think they understand it, they try to make it fit into a box of assets they already know. However, such a revolutionary discovery needs new definitions. It takes a long and difficult honest intellectual effort that many are unwilling to make.
In the end, each individual will judge how much this independent network costs, but whatever the cost, it is not 0. Be careful with any article you read about it, like I said before, no one understands 100% bitcoin and so many people don't understand it at all.
Keep exploring and studying it. I truly believe that bitcoin is the greatest discovery of mankind.
Hope this helps, have a nice day!
