I have written about my uncertainties about Bitcoin, and am personally unsure about why it has value. However, despite my doubts, it has value and I don't need to understand it for it to be the future. I believe it is the future.
As I am writing this, Bitcoin was at a two-year low. To be honest, this is something I never thought would happen that it would drop this far. It is at 16,156USD per Bitcoin. WOW!
To put this in perspective, Amazon was the first company ever to lose 1 Trillion dollars in value. Read that, a company lost 1 Trillion dollars in value! https://www.barrons.com/articles/amazon-market-cap-loss-51668069093
I am amazed at how poorly the economy is and how much negative press cryptocurrency gets in terms of lost market value. Everything is down in value, inflation is high, and outlook is scary for most people. I write about how the best time to buy is when the market is down (not financial advice) for me, as long as you invest in something solid and tangible.
I hope I am wrong, but I believe the market will begin to turn in the middle to end of 2023. Then boom! To the moon!