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