Bitcoin currently has three participants.
(1) Holder
(2) Developer
(3) miners
1, Holder is like "me". We exchange currency to bitcoin because we believe in the future of bitcoin. We also use bitcoin as a "store of value", with the expectation that it will rise in value in the future.
2, Developer" is basically an "engineer". Bitcoin is “program”, so it is made from code. Engineers write code to implement updates, such as extending Bitcoin.
3, Miners. In order to mine bitcoin, using computer to do "complex calculations". Complex calculations are called "mining". Bitcoin security is maintained by miners.
Users is source of value
"US Dollar" is the same. In other words, US Dollar is "just a piece of paper". However, if you have Dollar, you can buy things. So worth it.
Nobody uses US dollar, it becomes just "paper garbage".
Bitcoin is same.
If Digital dollar is deployed, it will devastate Bitcoin?
Bitcoin has a “maximum supply”, which is “21 million”. However, fiat currency is different because the government can print it.
The future is unknown, but I believe that the scenario I described above may not happen.
Reason 1: Big companies own Bitcoin
Reason 2: Big companies are developing applications for Bitcoin
Reason 3: Some countries have made bitcoin their legal currency
Reason 4: Began to accept bitcoin payments
Reason 4: Some companies pay the salary with Bitcoin
The reason is as above.
Bitcoin trend should not stop.
Just my opinion.
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