Understanding Bitcoin's Value as a Service Amid Market Fluctuations

According to Foresight News, Bitwise Chief Investment Officer Matt Hougan shared insights on Bitcoin's value amidst current market fluctuations. Hougan expressed that the recent market pullback is a short-term phenomenon and not a cause for concern. Hougan, who frequently discusses Bitcoin with financial advisors, posed a fundamental question: Why does Bitcoin hold value despite not generating profits or cash flow? He argues that Bitcoin should be viewed as a service rather than a tangible asset. Bitcoin offers a service that allows users to store wealth digitally without relying on governments, banks, or third-party institutions source: https://www.binance.com/en/square/post/32622914085601?utm_source=BinanceNewsRSS