Why Bitcoin is not widely used (Why Bitcoin will not disappear)
Why is Bitcoin not widely used? The birth of Bitcoin was based on an assumption:
Why is Bitcoin not widely used? The birth of Bitcoin was based on an assumption: if Bitcoin could reach $1 million. However, due to its decentralized nature and its lack of ability to function as a currency, its price may drop to zero in a short period of time.
However, as people’s interest in the crypto market continues to grow, the market has also become bigger, and these investors hope to earn more profits, thus driving the adoption rate. But the fact is not so. Bitcoin has not achieved true value storage, trading, and settlement functions (which means that Bitcoin cannot be used as a store of assets like gold) or payment service provider. Therefore, they can serve as a “medium of exchange”, providing financial institutions with new solutions to support their own digital identities, identities, and investment capabilities. (BeInCrypto)
Why Bitcoin will not disappear
According to cryptoglobe, why will Bitcoin not disappear? There is a question in the cryptocurrency world: Will the value and adoption of Bitcoin vanish over time? Does it have scarcity like any other asset? The answer lies in its price volatility. Although Bitcoin has been around for some time, its limited supply makes it unpopular for use as a means of payment or a commodity.
According to Cointelegraph, there is currently over $1 billion in funds that has not entered the market, and most of it is unable to succeed. This means that Bitcoin’s market value could reach trillions of dollars, and it will take several years to recover to its previous high point. However, for those unwilling to give up on this digital asset, they may lose a portion of their portfolio to purchase more tokens and hold them.
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