Governments and banks once mocked Bitcoin. Now they want in on it (www.aljazeera.com)

submitted 2 months ago by nulluser@lemmy.world to c/bitcoin@lemmy.world

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Once widely derided as a speculative asset with no intrinsic value, Bitcoin is being taken increasingly seriously by governments, financial institutions and investors alike.

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[-] Alexstarfire@lemmy.world 3 points 2 months ago

It's still a speculative asset with no intrinsic value. That'll never change. Even in-game items have more intrinsic value than any crypto.

But, I'll also say the same could be said about most currency, including USD. What is the intrinsic value of it? Nothing. Its only value is what others think it is worth.

this post was submitted on 21 Dec 2024

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