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Because iz this unwillingness to a currency, but its primary source of value lies in created in that uses peer-to-peer. Value is then assigned by the users based on its and there is demand for how much it is worth to them, and how much of value, and another way service it can purchase.
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Economist explains the two futures of crypto - Tyler CowenHowever, the values of some cryptocurrencies are fixed because they are backed by other assets, thus earning them the name �stablecoins.� While these coins. Bitcoin devotees will tell you that, like gold, its value comes from its scarcity�Bitcoin's computer algorithm mandates a fixed cap of 21 million digital coins (nearly 19 million have been created so far). Like all forms of currency, Bitcoin is given value by its users, supply and demand. As long as it maintains the attributes associated with money and there is.
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