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“It’s fraud.”
“Eh… that guy bought Bitcoin at $3k leh. If only I had bought at that time”.
In essence, think of cryptocurrency as a decentralised, blockchained, virtual currency that make its nearly impossible to counterfeit, is (theoretically) unmanipulatable by governments (ie. printed/altered) – and is easy to track.
In a way, Bitcoin resembles Gold in the sense that there will ultimately be a finite number of bitcoins in this world – hence hedging against inflation.
Of course it’s only been around for the past decade, and given its virtual nature, has often been touted by many as a speculative asset.
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