Does Bitcoin Have Any Utility?

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In this video, I discuss whether Bitcoin has any utility.

Altcoin promoters frequently assert that Bitcoin has no real use case, no utility, and is rather just a speculative asset. That's just because altcoin promoters have something to sell you.

I conclude that Bitcoin has the largest utility and greatest total addressable market of any crypto asset, since it provides a neutral digital store of value that can be transmitted across digital communications channels in a permission-less, censorship-resistant manner.

Bitcoin is easier to transport, verify/assay, and self-custody without counter-party risk or risk of confiscation than any traditional asset like gold, stocks, bonds, or real estate.

You can send Bitcoin to anyone in the world, without needing to open up an account, get a license, or get permission from any person, group, or government.

You can mine Bitcoin without needing to ask for permission.

You can sell goods or services and get paid directly in Bitcoin without needing to ask for permission.

When someone tells you that Bitcoin has no utility, you know they are either an altcoin promoter, or are a victim of altcoin promoters and just repeating the same talking points.

Not investment advice! Consult a financial advisor.

Justin Bons bashing Bitcoin:
https://twitter.com/Justin_Bons/status/1608507902309941248

Watch Justin Bons underperform Bitcoin:
https://www.cyber.capital/fund-a

USD is a terrible store of value:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg

Those who started daily dollar cost averaging Bitcoin at the all-time-high are once again in profit.:
https://twitter.com/w_s_bitcoin/status/1694396711911793033

Cardano Use Cases:
https://www.cryptoglobe.com/latest/2023/05/cardano-use-cases-cardano-foundation-ceo-on-real-world-impact-and-vision-for-the-future/

Cardano: Social Credit Scores For Kids:
https://www.youtube.com/watch?v=1STIeWSv0CE&ab_channel=BitcoinUniversity

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#crypto
#money

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