“What Gives Cryptocurrency Its Value?” Supply, Utility, & Trust REPORTS 2

Episode 2 of 5 Today's Podcast Red October Part 2 “What gives cryptocurrency its value?” an excerpt from the "Chella Smith Eco FutureWealth Series," explains the key factors that determine the value of cryptocurrency, following a previous discussion about what cryptocurrency is. It identifies four main components that drive a digital asset's worth: Supply and Demand, noting that scarcity, like Bitcoin's cap, drives price increases; Utility, emphasizing that real-world use cases such as faster payments or smart contracts provide inherent value; Network Growth, detailing how increased user adoption and development strengthens the underlying blockchain and builds trust; and finally, Trust and Transparency Through Decentralization, highlighting that the lack of a central authority fosters confidence. The educational material concludes by reminding the audience that value is not merely based on speculation but on these fundamental forces, although it includes a disclaimer that the information is not financial advice.