Bitcoin may well be the new digital gold, but why is it worth so much?
We’ve almost reached $18,000, so at this point it’s worth holding on tight to these bitcoins, given the extraordinary rally they’re on. Let’s always remember where they started: at the beginning of 2017 they were worth about $1,000. That’s exactly the point! It’s worth so much because it’s a form of safe-haven asset like gold, but it’s digital, it’s not real and you can’t touch it. There are no Bitcoin reserves in the world (unlike precious metals).
If you’re making money thanks to Bitcoin, remember that someone is losing it, somewhere or in some way. Keep that in mind; you could be the next ones to lose.
