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The scarcity factor and the difficulty of mining Bitcoins allows it to have value. If we rely on the basic concept of supply and demand, the price of Bitcoin would be expected to rise over time.
The process of having a transaction validated on Bitcoin’s blockchain is called proof-of-work. This means Bitcoin’s network is maintained by miners. These miners use their computing power to validate transactions and add them to the blockchain.
BTC can be bought and sold on exchanges for fiat currencies or other cryptocurrencies. Many investors see Bitcoin as a valuable investment and trade it in the hopes of making a profit.
Most people see BTC as a store of value, similar to gold, and hold on to it as an asset. Without a doubt, it will be the most valuable asset in the future.