The real issue with Bitcoin and the reason why it is different from other assets is that there is no actual source of value. A good way of thinking about this is trying to consider the values of various assets if the government was about the make it illegal to trade them.
A house for instance would still be valuable because you can live in it. Facebook stock would still be valuable because it represents ownership in a real company that generates profit.
Bitcoin however is useless if you can't trade it. There is literally no reason to own Bitcoin except to eventually sell it to someone else.
A house for instance would still be valuable because you can live in it. Facebook stock would still be valuable because it represents ownership in a real company that generates profit.
Bitcoin however is useless if you can't trade it. There is literally no reason to own Bitcoin except to eventually sell it to someone else.