Bitcoin Is Back Into Top10
Bitcoin came and changed the game in terms of technology and finance. Bitcoin has regain its spot on the top 10 most valued assets in the world. If you are looking at the list you will notice that bitcoin is the youngest in the list in terms of time of invention. One of the ways to reach this stage in the list, be sure that your product is unique and is solving a problem. On the list you can see that most of these assets on the list are solving a problem or must have contributed in the world’s technology greatly. Gold is number 1 on the list because it has been used for a long time, Gold is used as ornament, people value gold a lot.
Gold is unlimited, there is no finite number to the gold supply, people store their wealth in gold, people value gold, so it’s understandable to be on the list.
Apple is on the list for obvious reason, it’s the smartphone that is most used in the world, it’s not really better than other smartphones, but it’s the people’s choice. So with the law of supply and demand, it makes sense that it’s on the list. Lots of people demand for iPhones, and apple products and apple has been able to meet up with their demand, the value of Apple stock has risen too.
Microsoft and Google are on the list because of their technology and information utility. Microsoft is one of the most used softwares out there, Google is one of the most used search engines and has other utilities like Google map, Google mail, Google Docs, etc.
Amazon succeeded in making people shop online comfortably which was one problem it solved during its time. People found it so comfortable to sit in their homes and order whatever they wanted. Amazon has been able to keep the business running for years and expand the business making its services and business limitless to an extent.
Bitcoin being on the list, came with its decentralization and financial control. Bitcoin came to show us that we can have our money and control it, we don’t need the government’s control. People loved the idea and decided to have it, but the supply is extremely limited, so the more the demand for Bitcoin grew, the more the value grew.
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