I know a little about Bitcoin, but I’m not deeply immersed in the space. Perhaps that allows me to see things from the perspective of people outside the Bitcoin community as well.
Gold, besides being a store of value, has practical applications in jewelry, electronics, and other industries. Bitcoin, on the other hand, relies on demand for its digital and monetary properties, such as its programmed scarcity and the ability to transfer value without traditional intermediaries.
My question is: how much of Bitcoin’s value comes from its actual utility, and how much depends on the expectation that someone else will pay more for it in the future?
I believe that, to grow more sustainably, Bitcoin needs to move beyond speculation. Being widely known as an investment is not enough; it needs broader real-world adoption, especially as a means of payment and transferring value.
After all, limited supply does not guarantee demand. Could real-world adoption be what’s missing for Bitcoin to justify its value in the long term?
submitted by /u/AcanthisittaFuture38
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