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/biz/ - Business & Finance

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16287438 No.16287438 [Reply] [Original]

What is the inherit value of bitcoin? I understand holding a digital asset like ether but bitcoin only seems to have worth because it was the first crypto.

>> No.16287456
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16287456

>>16287438
Its Digital Gold.

>> No.16287483

>>16287438
there is literally no inherent value

>> No.16287490

Nothing has inherent value. All value is subjective.

>> No.16287511
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16287511

It's hashpower and network effect give it security, which is necessary for a store of value.

Almost all alts are pieces of shit that are 100% premined or are at the whim of their creators, with a few exceptions like pic related.

>> No.16288241

>>16287438
The value of bitcoin is based solely on what Steve Mnuchin sets it as.