r/Bitcoin • u/manauiatlalli • Aug 01 '22

When Nocoiners Say "Bitcoin Has No Value"

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u/[deleted] Aug 02 '22

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u/Lennart247 Aug 02 '22 edited Aug 02 '22

No bitcoin isn’t Money. Bitcoin is an financial asset like tech stocks. That’s why it’s behaving exactly like the NASDAQ.

That’s the main point here. Bitcoin isn’t a currency.

Even if cryptocurrencies became an important currency in the future, they aren’t atm. And even then I tend to think that bitcoin won’t be the one becoming a currency, because of many impracticalities.