From my understanding, Bitcoin was worth something because it was used as an actual currency that was decentralized from banks. Now banks own shit tons of Bitcoin, and transaction fees are so high you can’t even use it as a practical currency. So why is it even increasing in value, and what is its actual worth? Am I missing something?
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source https://www.reddit.com/r/btc/comments/legptp/why_is_bitcoin_worth_anything/
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