Someone help me out here please. Bitcoins are intangible. Where then is value? Will this wind up like the Dutch Tulip scandal?
If you truly want to learn about it, look up Robert Breedlove on YouTube. I think his channel is called “What is Money”
He has a long series with Michael Saylor and it explains what it is and why it might be the perfect form of money.
A lot of comments here on FR are negative and are made out of ignorance.
I have a small position and wish I had more
Any currency gains its value based on what the other party is willing to exchange for it. The difference between bitcoin and most other currencies is that there is no bank taking a slice of the action, nor is there a government trying to manipulate its value through interest rates or inflation.
You might not see that as a “benefit”, but clearly a lot of people do. That is the beauty of the marketplace.
That question would apply to government issued money as well. The only real difference is that dollars are accepted by everyone, whereas bitcoin has limited acceptance.