Why Bitcoin Has value???

Hello Everyone, today i will be writing a short article about the reasons behind the value of bitcoin. What factors make bitcoin wort $10k and even more, bitcoin just hit $10,220 today. This article going to be a quick and short. I will try to break down some reasons why bitcoin have value in a simple format, hope it will help you to understand more about bitcoin.

Here are few reasons Bitcoin has value:

DECENTRALIZED

 No single entity oversees Bitcoin. Unlike traditional money, no one can censor, control, or change the network or its transactions, so that no one can confiscate your money.
One of the biggest selling points of Bitcoin has been its use of blockchain technology. Blockchain is a distributed ledger system that is decentralized and trustless, meaning that no parties participating in the Bitcoin market need to establish trust in one another in order for the system to work properly.

SCARCE

The key to the maintenance of a currency's value is its supply. A money supply that is too large could cause prices of goods to spike, resulting in economic collapse. A money supply that is too small can also cause economic problems.When Bitcoin was launched in 2009, its developer(s) stipulated in the protocol that the supply of tokens would be capped at 21 million.To give some context, the current supply of bitcoin is around 18 million, the rate at which Bitcoin is released decreases by half roughly every four years, and the supply should get past 19 million in the year 2022.

TRANSPARENT

The bitcoin payment system is purely peer-to-peer, meaning that users are able to send and receive payments to or from anyone on the network around the world without requiring approval from any external source or authority.You can verify where your bitcoin came from and where it goes.

BORDER-LESS

Thanks to cryptocurrency exchanges, wallets, and other tools, Bitcoin is transferable between parties within minutes, regardless of the size of the transaction with very low costs. The process of transferring money in the current system can take days at a time and have fees. With bitcoin you can transfer you money without going to bank also with low fees.

FREEDOM

Bitcoin can't be controlled by any government, banks or company. owning bitcoin is owning your own bank.

FUNGIBLE

Every Bitcoin has the same value as its counterpart, regardless of who owns it and what history it has. Just like one ounce of pure gold is always equal to another ounce of pure gold. No matter what happens, one Bitcoin remains a symbol of value interchangeable with another Bitcoin.