Bitcoin wasn’t created out of thin air, it was built on blockchain technology and cryptography, which power much of today’s digital world. Technologies like Web3, the metaverse, and decentralized finance would have never existed without the foundation Bitcoin managed to establish. However, the value of Bitcoin isn’t determined by any institutions, I is entirely determined by the market. Fiat currency on the other hand is created by governments and it has standard value.
Do you trust bitcoin just like fiat currency?
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