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Why Does Bitcoin Have ANY Value?Bitcoin derives its value in the same way any currency does: by fulfilling the six characteristics of money. Those characteristics are: durability. Similar to Fiat currency, Bitcoin (or most of the cryptocurrencies) is also not backed by any gold or silver hence does not have any intrinsic value. The main theory behind cryptocurrency value is if enough people agree it is valuable, then it becomes more valuable. Without regulation, demand.
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