Does Bitcoin have utility?

Bitcoins daily volume today is nearly 100 billion dollars. I remember when the entire market cap was around 50–60 billion. That was 2 years ago believe it or not. What a difference 2 years can make. a 50–60 billion dollar market cap turned into 750 billion.

Back in those days we had days with 3–5 billion dollar 24 hour volume. Today we are seeing 100 billion 24 hour volume. That is a huge increase. I have not brought up stats like this in a while but they are certainly significant. Therefore I decided to make a post specifically targeting these stats.

Bitcoin is valuable for many reasons. People compare it to gold. Even I have dropped that comparison in the past. But as pretty as gold is Bitcoins value isnt in its utility as a conductor or pretty precious metal. Bitcoins value is sort of a recipe of success. Add a bit of deflation, a dash of USD inflation, a cup of immutable network (I can send money to anyone with no worries of being censored) Mix vigorously.

People dont understand that their is tremendous value in Bitcoin. Its not just the rare nature but also the immutable transactions that can not be censored by any single government. Even a group of governments hell bent on ending BTC would have a lot of issues getting 7–8 billion other Earthlings to go along with this. As long as people are willing to mine BTC will be a thing. The way Bitcoin cant be stopped is where most of Bitcoins worth is IMO. People use BTC. There is not a question about that. Try surfing the darknet without having BTC. You wont be able to buy anything…