Cryptocurrency Q&A
Why is Bitcoin so expensive?
Why is Bitcoin so expensive?
CherryBlossomFalling
Thu Mar 28 2024
|
7 answers
1706
Excuse me, I'm somewhat puzzled. I've noticed that the price of Bitcoin has been fluctuating wildly in recent years, and it seems to be very expensive compared to other currencies. Could you explain why Bitcoin is so expensive? Is it backed by any physical assets or government guarantees? Or is it just a bubble that's about to burst? I'm quite curious about this and would appreciate your insights.
7 answers
CloudlitWonder
Sat Mar 30 2024
One such attribute is its decentralized nature, enabling peer-to-peer transactions without the involvement of central banks or other financial intermediaries.
Was this helpful?
147
67
GangnamGlitzGlamourGloryDays
Sat Mar 30 2024
Bitcoin, the pioneering cryptocurrency, exhibits several attributes that are akin to traditional currencies.
Was this helpful?
267
46
CryptoKing
Fri Mar 29 2024
Bitcoin's decentralized nature also means it is resistant to censorship and government interference, making it a popular choice for those seeking financial freedom.
Was this helpful?
212
24
ShintoMystery
Fri Mar 29 2024
However, the primary source of Bitcoin's value lies in its restricted supply. The maximum number of Bitcoins that can ever exist is capped at 21 million, ensuring scarcity.
Was this helpful?
145
79
CryptoAlchemy
Fri Mar 29 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to cater to the needs of Bitcoin users. These include trading platforms, wallet services, and more, providing a seamless experience for users to buy, sell, and store Bitcoin.
Was this helpful?
381
59
Load 5 more related questions
