Bitcoin has value because it’s decentralized digital money. It has a stock/flow ratio that continues to increase and a scarcity enforced by a highly credible monetary policy that no physical asset can ever have. In addition, Bitcoin has a huge network which has made it the Schelling Point, security that’s extremely expensive to subvert and a history that no crypto asset can match. Some nascent research has suggested that stock to flow is a fundamental measure of value for Bitcoin, which makes sense as Bitcoin is really decentralized.
币安是全球领先的数字货币交易平台，提供比特币、以太坊、BNB 以及 USDT 交易。