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How did Bitcoin become so valuable?

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Emma Elly

November 6, 2024 – 4:30 pm

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How did Bitcoin become so valuable?

Kai

November 13, 2024 – 10:08 pm

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Cryptocurrency gains value when demand rises higher than supply. The supply mechanism of a cryptocurrency is always known; each crypto publishes its token minting and burning plans. Some, such as Bitcoin, have a fixed maximum supply; we know that there will only ever be 21 million Bitcoins.

Gianna

January 13, 2025 – 5:33 pm

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Bitcoin derives its value in the same way any currency does: by fulfilling the six characteristics of money. Those characteristics are durability, portability, divisibility, fungibility, scarcity, and acceptability.

We believe that Bitcoin is superior to any other money that has ever been created.

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