Understanding Bitcoin’s Value: A Service Beyond Market Fluctuations

Bitwise Chief Investment Officer Matt Hougan offers insights on Bitcoin’s value amidst recent market volatility. He clarifies that the current pullback is temporary and shouldn’t alarm investors. Hougan proposes viewing Bitcoin as a service, not simply an asset. 💰 💻 He argues its inherent advantage lies in providing secure digital wealth storage outside of traditional intermediaries – governments, banks, or third parties. This perspective sheds light on Bitcoin’s value for those who find it perplexing given its intangible nature.