David Schwartz, chief government officer at Ripple, has listed the primary Bitcoin use circumstances in a social media put up on X.
“It is scarce, liquid, precious, censorship resistant, secure (in all the pieces however worth), transferable, jurisdictionless, and, in an vital sense, honest,” Schwartz mentioned.
As reported by U.As we speak, Schwartz beforehand revealed that he had mined a complete of 250 Bitcoins when the main cryptocurrency was nonetheless in its nascency.
“I imagine I completely stopped accumulating BTC earlier than XRP even existed, however I am not 100% certain,” the Ripple exec mentioned in a 2024 X social media put up.
Hypothesis-based worth
In accordance with Schwartz, a lot of the worth in crypto comes from future hypothesis as a substitute of future utility.
“So if what you care about are future worth modifications, what folks assume will occur is rather more vital than what has occurred,” he mentioned.
He has famous that Bitcoin’s present funding thesis relies on hypothesis about Bitcoin’s future adoption.
Schwartz has acknowledged that hypothesis was a key driver for enabling utility early on since one, as an illustration, couldn’t use Bitcoin for buying actual property till the worth was excessive sufficient.
In July, the outstanding Ripple government acknowledged that the set of precise real-world issues which can be being solved with crypto is slightly small. He has opined that Bitcoin might retain its dominant place as a consequence of its “stable” layer-1 and the first-mover benefit.
Furthermore, he added that Bitcoin might derive its worth from use on different chains and being a part of monetary providers.
