"Bitcoin does not create any value"
It is a word of a certain investor, but if you look at Bitcoin as a securities apart from tokens that have an issuer, Bitcoin without an administrator is certainly worthless. It's not a reason to invest.
But when viewed as a currency, the story is different.
It doesn't create value when viewed as a currency, but it doesn't have to create value by itself.
This is because currency is nothing more than a "tool for quantifying the value of a product in an easy-to-understand manner." Only when there is something of value as a product does currency have value.
If you don't have the product, it's just a dirty piece of paper with ink. It can't be used as a piece of paper to wipe your ass.
This is the same for existing fiat currencies such as yen and dollars and Bitcoin. However, Bitcoin is only superior in terms of ease of international transactions and high transparency.
Therefore, if Bitcoin is to be popularized as a [currency], it will need to be used for quantifying products, that is, for transactions (payments) with products.
However, the current problem with Bitcoin is that prices fluctuate too much to be treated as currency. There is a problem that the value of tools that measure the value of products is not stable.
However, it seems that it will be resolved in the future.
The reason is the increase in Bitcoin holders.
If the number of Bitcoin holders increases, the distribution volume and market capitalization will increase even if you don't like it, so the more you increase, the more stable Bitcoin will be.
For example, imagine a washbasin with water in it. The basin and the water in it are the amount and market capitalization of Bitcoin holders, and the price change when the water temperature is compared with legal tender (US dollar etc.).
If you scoop the water from the basin in a container about half the size of the basin and bring it to a boil, and then return it to the same basin, the temperature of the water in the basin will change significantly.
But what if it was a 25m pool instead of a washbasin?
Even if you scoop up the water contained in it in the same container as before, bring it to a boil, and return it to the pool, the water temperature will not change much.
The larger the scale, the more stable anything will be.
Bitcoin has recently been recognized as legal tender in Central Africa.
This is the second country after El Salvador to use Bitcoin as legal tender. It seems that Bitcoin is more credible than its own currency and is expected to grow.
Anyone can have Bitcoin regardless of nationality.
The two countries that currently recognize Bitcoin as legal tender are not so big in terms of economic scale. However, thanks to this legal tender, the number of people who own Bitcoin will increase and the scale of Bitcoin will surely increase. If that happens, even a country with a larger economy will be able to bark.
As the scale grows, it will become more stable as a currency, as mentioned earlier.
There is a topic about whether Bitcoin is a currency or a securities, but considering the current situation, it may be easier to understand the value of the current Bitcoin as a currency rather than a currency. Hmm.