You can now invest in bitcoin ETFs. But should you? | CNN Business

Before you jump on the bitcoin bandwagon, there are some things to think about.

           

https://www.facebook.com/cnn/posts/760016159324371

Bitcoin solves the Byzantines Generals Problem. Essentially, a secure transaction affirmed by not less than 10 nodes which must affirm each other.As a currency transaction it is hack proof.So while it will not replace a physical fiat currency, it can ascribe value transfer globally and instantly without fear of hacking.It will have value as a financial transaction mechanism such as the Ukraine example.

( when war broke out- Bitcoin funded Ukraine swiftly as fiat would have bogged in red tape trying to get approval)

A dollar bill only has ascribed value because it has been declared to be worth one dollar.not backed by gold standard anymore.

This is a use case argument to supplant the people who thinks its worthless.

This is why i think with a limited supply and a organic demand , you will see it go higher.




+