6 reasons why Bitcoin has value!

What makes Bitcoin valuable?

Everyone knows by now that Bitcoin is worth a lot of money, but what are the reasons for the emence value growth? What makes Bitcoin and other Cryptocurrencies valuable?

In this page we will very shortly present the 6 main reasons that makes Bitcoin valuable.

Scarcity

Firstly there is value in scarcity, only 21 million Bitcoin will ever exist, and millions have already been lost due to loss of private key and so on, put simply, the supply is limited.

Transparency

Gives Bitcoin value since you and everyone else easily can verify where a transaction came from and where it went.

Decentralization

Is one of the larger value makers for Bitcoin and blockchain since the entire chain is stored and verified through a growing number of nodes all around the world.

No borders

Bitcoin is borderless and therefor can be spent, sent and seen across the globe.

Freedom

Bitcoin is not controlled and cannot be controlled by any government or organization, this gives great value in Freedom.

Backed by Math

Math is the sixths value giver for Bitcoin, since the Blockchain is backed by math in contrast to fiat currency. This enables real life backing of the currency.

//Christoffer Junros

2021-01-15

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