It is the earliest one, so it is the most well-known, but I believe there are serious problems with bitcoin that will cause it to fail. Commodities have real value because industries purchase them as raw materials to use in the production of goods and services. It is in competition with national currenciesSupporters of bitcoin say that it will replace fiat money. Bitcoin is a utopian dreamWhy are prominent people buying bitcoin if it has so many problems? Whatever other advantages that bitcoin might have over fiat money, such as speed of transactions, will be eroded when fiat money becomes fully digital.

Source: Mint May 27, 2021 16:30 UTC