In our latest video, we delve into the five most prevalent myths about Bitcoin, meticulously separating fact from fiction.
Despite being around for more than 15 years, Bitcoin still faces skepticism from media pundits, market analysts and even regular people. For those who have ever encountered someone dismissing Bitcoin as a scam or claiming its value is unsubstantiated, Cointelegraph’s latest video dismantles the five most prevalent misconceptions about premier cryptocurrency.
One of the most common anti-Bitcoin (BTC) talking points is that it lacks “intrinsic value.”
It’s true that, unlike fiat currency, Bitcoin isn’t backed by a central bank, and its value doesn’t stem from traditional cash flows or dividends of publicly traded stocks. However, dismissing Bitcoin’s intrinsic value overlooks the unique attributes that render it valuable: decentralization and borderlessness, which enable efficient global value exchange, and scarcity, which make it an appealing hedge against currency devaluation.
