None. Its a scarce resource that has been mutually agreed upon to be desirable.
Much like gold or diamonds. Sure they have some limited use in non jewelry applications but nothing that justifies their prices vs the existing supply besides people just agreeing they are valuable.
As a store of value though vs gold it has more positives. Much easier to transport a billion dollars worth of btc than gold.
Much easier to self custody.
Truly limited supply, they pull more gold out of the ground every day.
The world literally just got together and decided BTC is what they want and the price reflects that. Its a fascinating case study just in that regard.
The video is here: Page is terrible, video is about 1/3 down
As a store of value though vs gold it has more positives. Much easier to transport a billion dollars worth of btc than gold.
Much easier to self custody.
Truly limited supply, they pull more gold out of the ground every day.
The world literally just got together and decided BTC is what they want and the price reflects that. Its a fascinating case study just in that regard.
The video is here: Page is terrible, video is about 1/3 down
https://finance.yahoo.com/video/buying-bitcoin-buying-nyc-ap...