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What is Bitcoin used for now? The technology is outdated, so why is the price so high? I see many people discussing this issue and arguing with each other... Trading Insight offers some opinions.
1. Bitcoin, at present, is considered a digital asset, valued and supported by many... backing from countries, businesses, presidents, entrepreneurs, billionaires. And it is also confirmed as an open fund (BTC ETF) as well.
2. Bitcoin is an asset, precisely an asset. It is clearly listed. And this type of asset has very good growth potential, bringing huge profits. Especially it is not controlled by any country or bank.
3. Bitcoin is timeless, in reality, the technology coins that come after it may have been around for decades, but their practical application is not worth much. What investors are looking for in that market is the level of safety and sustainable profits. If that criterion is guaranteed, then Bitcoin is the top cryptocurrency and the largest one that can be ensured. The backbone of Crypto....
People say this and that about BTC, but in reality, BTC is the new face of the crypto market today. It paves the way for this new, risky, and potential investment field. For D, the only concept of Bitcoin is an asset, a safe asset, and a high-profit asset. But sometimes, he also jokes around a bit :)))
Because Bitcoin is now considered "only the rich can afford to buy 1 Bitcoin," it is also true, not wrong.
So what is Bitcoin according to you guys, how do you understand it 😁