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Last edited Sat Dec 7, 2024, 02:35 PM - Edit history (3)

neither are backed* by gold or other thing of material value. The have whatever value users explicitly or implicitly agree to give or accept for them.

That said, the Dollar can be inflated; BTC cannot.

So long as Trump or his successors continue to view BTC favorably (and I'm not sure how long that will or won't last), i expect BTC to continue to do well.

One downside of BTC, however, is that it takes a lot of research to really understand it and how to use it, at least at this point in the game. I think that's a big part of why it's encountered so much resistance (i.e., a great deal of the resistance has come from people who haven't done that research).

Apart from that, pretty much every criticism ever levelled against BTC is equally true about the Dollar.

(NOTE: Few if any other kinds of crypto share BTC's most important virtues, because unlike BTC, they nearly always ARE centralized and CAN be inflated.)
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* I.e., as a matter of law, convertible into.