I am wary of participating in a thread where you get spectacularly ignorant comments from pro and anti-crypto people.
The actual value of crypto is this:
You can trade it with another person anywhere in the world, without an intermediary. That makes it a huge deal.
That's all that really matters and why it continues to go from strength to strength.
What the US and UK, European and other governments think about it does not matter. It directly threatens the interests of power there so of course they don't like it. In civilized countries it is just a form of gambling.
The interesting developments are in developing countries and in places like Ukraine where it is becoming an actual currency, because it is less volatile and more accessible than the alternatives. People in western countries think the universe revolves around them so they don't understand any of this.
Why should you hold it? It is a form of insurance against money printing by your government.A lot of the increase in value in crypto is simply due to all the quantitative easing making other currency worthless.
To be fair the pro crypto people in the west are mostly speculators trying to hype it to make a fast buck.
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