The intrinsic value of Bitcoin

Very often, people argue that Bitcoin does not have a “real value” because it is not backed by anything. But those same people probably haven’t considered that, in fact, the “real value” of the world’s fiat currencies is also zero. Our home country of Switzerland was among the last to move away from the gold standard and sell off their gold — and at a very bad time too considering the low price price of gold then. These same people might also say that you can’t eat gold, or that gold does not pay dividends…

Johannes Schweifer

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store