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Perspectives on Bitcoin (Briefly Describe the Pros and Cons of Bitcoin)

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The perspectives on Bitcoin are well-known in the investment world. As a currenc

Perspectives on Bitcoin (Briefly Describe the Pros and Cons of Bitcoin)

The perspectives on Bitcoin are well-known in the investment world. As a currency, it is a special investment product and a unique digital asset because it has uniqueness and immutability, and can be traded at any time. Therefore, investors must pay close attention to its price and see if it can surpass $10,000 or even $20,000. Bitcoin, as a new type of asset, will be increasingly recognized for its value. However, some people believe that this is only temporary and has not achieved any practical effect. They argue that this “belief” does not represent the development prospects of the cryptocurrency itself, but is due to Bitcoin’s own characteristics and attributes. Therefore, to some extent, these are the significance of Bitcoin’s existence as understood by people, and they have a deep understanding of it.

Briefly Describe the Pros and Cons of Bitcoin

According to coindesk, Bitcoin is the world’s largest currency network. However, one of its drawbacks is that it cannot be used as a store of value or a medium of exchange. Due to the characteristics of immutability and high scalability in cryptocurrencies, it cannot be realized in many fields. For example, in financial institutions, a bank account must be able to transfer funds to another account to have enough reserves and liquidity to pay bills. In exchanges, transactions need to be verified, have low fees, and can be quickly converted into legal tender (usually supported by traditional currencies such as the US dollar).

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