Every commodity earns its value if there is a price that people would pay to obtain it. Eg: Sweetness is an intrinsic value of sugar. It does not require an additional source to provide it with a value. Read more: Increasing Your Profits with Bitcoin Affiliate Programs What Is an Intrinsic Value?Īn intrinsic value of a commodity is a value that a product possesses in itself. As the popularity around Bitcoin and other cryptocurrencies rises and there is a rise and fall in their pricing, many have this question: From where does Bitcoin get its value? This also comes from the fact that people don’t understand the value behind a FIAT currency. The value behind Bitcoin or any cryptocurrency is often less understood by the larger audience. We are looking at a time where the mode of payments are changing in a short span of time.įrom e-wallets to payment applications, the ways one can trade have multiplied but for trading commodities, the number of innovations can be counted on fingertips. ![]() This piece tries to address this query and help us understand the value behind Bitcoin or any Cryptocurrency. What drives its value and why does a significant market still invests heavily in it is a question non-believers often ponder. ![]() Then we saw a deep fall in 2018 and stability in 2019. 2017 alone saw massive gains, starting the year at under $1,000 and, at its peak, breaking $19,000, according to industry site CoinDesk. Bitcoin’s price has been on a wild ride since its inception.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |