Donald Trump

United

Value

when

<p>In July, Bitcoin experienced turbulence, but it rebounded to $64,500 after a peak of $69,000. Considered a store of value by many investors, both individual and institutional, the queen of cryptos remains solid. Matt Hougan’s argument about the value of Bitcoin, despite the absence of cash flow, deserves special attention. Let’s dive into the details!</p> 
<h2 id="h-the-value-of-bitcoin-a-golden-service">The Value of Bitcoin: A Golden Service</h2> 
<p>For many, the question remains: <strong>how can Bitcoin <a href="https://www.cointribune.com/le-bitcoin-est-encore-tres-loin-de-sa-vraie-valeur/" target="_blank" rel="noreferrer noopener">have value</a> without generating cash flow?</strong> According to <a href="https://twitter.com/Matt_Hougan/status/1819055958548472284" target="_blank" rel="noreferrer noopener">Matt Hougan</a>, CIO of Bitwise, the answer lies in <strong>the unique service this crypto offers</strong>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">1/ Every day, a professional investor asks me how bitcoin can have value when it doesn't produce cash flows. Here is what I say…</p>— Matt Hougan (@Matt_Hougan) <a href="https://twitter.com/Matt_Hougan/status/1819055958548472284?ref_src=twsrc%5Etfw">August 1, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div> 
 </div>
 <figcaption class="wp-element-caption">
  Matt Hougan’s Analysis on BTC Value
 </figcaption>
</figure> 
<p>He states that bitcoin allows <strong>wealth to be secured without the need for a bank or intermediary.</strong> Let’s compare this to Salesforce, which provides a customer relationship management service for a fee.</p> 
<p>However, Bitcoin, being <strong>a decentralized protocol</strong>, imposes no fee for its use.</p> 
<p>Hougan explains: ” <em>If more people want the Bitcoin service, its value increases.</em> “</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitpanda.pxf.io/c/2801338/1295465/15871" target="_blank" rel="noreferrer noopener">Discover the Bitpanda platform</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<p>This perspective revolutionizes our understanding of the value of digital assets. Indeed, <strong>the <a href="https://www.cointribune.com/en/bitcoin-1-million-addresses-now-hold-1-btc/" target="_blank" rel="noreferrer noopener">number of Bitcoin users</a> continues to grow</strong>, leading to a value increase of <strong>about 9,700% over the past ten years</strong>. A figure to ponder!</p> 
<h2 id="h-crypto-towards-a-new-golden-age">Crypto: Towards a New Golden Age?</h2> 
<p>The enthusiasm around bitcoin is not limited to individual investors. Influential figures, like BlackRock’s CEO, <a href="https://www.cointribune.com/le-bitcoin-considere-comme-une-valeur-refuge-selon-larry-fink/" target="_blank" rel="noreferrer noopener">Larry Fink</a>, see Bitcoin as <strong>a safe haven in times of economic uncertainty</strong>.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noreferrer noopener">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<p>He describes this crypto-asset as ” <em>an instrument in which one invests when in fear</em> ” or when national currencies lose their value.</p> 
<p>This growing recognition contrasts with <strong>the criticism that sees Bitcoin as useful only for <a href="https://www.cointribune.com/en/cryptocurrency-is-only-used-for-money-laundering-according-to-the-us-treasury/" target="_blank" rel="noreferrer noopener">money laundering</a></strong>.</p> 
<p>However, recent political developments in the United States, including the promises of <a href="https://www.cointribune.com/en/donald-trump-wants-to-make-bitcoin-an-economic-weapon/" target="_blank" rel="noreferrer noopener">Donald Trump</a> and Robert Kennedy Jr. to <strong>create a national BTC reserve</strong>, are changing the game.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2"> 
 </div> 
</div>  
<div class="tradingview-widget-container tradingview--mini-chart"> 
 <div class="tradingview-widget-container__widget"></div> 
 <div class="tradingview--mini-chart--dark"> 
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
 </div> 
 <div class="tradingview--mini-chart--light"> 
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script> 
 </div> 
 <div class="tradingview-widget-copyright">
  <a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div> 
</div>  
<p>Hougan even predicts that <strong>G20 countries could anticipate the United States</strong> by adding Bitcoin to their reserves. These political and economic perspectives hint at a meteoric rise of the flagship crypto in the near future.</p> 
<p>In summary:</p> 
<ul> 
 <li>Bitcoin growth: +9,700% in 10 years;</li> 
 <li>Increased political support: promises of national reserve;</li> 
 <li>Recognition as a safe haven: support from BlackRock.</li> 
</ul> 
<p>So, what is the future for Bitcoin in the short term, or particularly <a href="https://www.cointribune.com/en/crypto-the-summer-will-be-decisive-for-bitcoin-btc/" target="_blank" rel="noreferrer noopener">this summer</a>? Recent political and economic developments could radically transform the landscape of this crypto. Otherwise, many believe that by maintaining the status of a “store of value,” BTC could go very far, until trading at <a href="https://www.cointribune.com/si-bitcoin-devient-la-principale-reserve-de-valeurs-le-btc-pourrait-atteindre-23-millions-de-dollars/" target="_blank" rel="noreferrer noopener">$23 million per piece</a>.</p>

Does Bitcoin Really Have Value? Expert Answers

Table of Contents

Cointribune EN

Other articles published on Aug 3, 2024

Wondering When To Buy Bitcoin? Here Are The Levels To Watch

Analyst Notes WIF Fall to $1.90 Following Key Deviation

Cryptocurrency Market Faces Massive Liquidations Amidst Market Turbulence

Dogecoin Gets A Big Boost As Ethereum Founder Reveals He Holds The Meme Coin

Terra LUNA Classic Votes On Major Tax2Gas Proposal, LUNC To $0.0001?

'Rich Dad Poor Dad' Author Unveils How to Survive Current Market Crash

Join our free newsletter for daily crypto updates!