in the list since it's valuation is more than $1 trillion.
Why Do Bitcoins Have Value?
Currencies have value because they can be used as a store of value.
Successful currencies have six key attributes—scarcity, divisibility, utility, transportability, durability, and counterfeitability.
The cryptocurrency bitcoin has value because it holds up very well when it comes to these six characteristics, although its biggest issue is its status as a store of value.
Bitcoin's utility and transferability are challenged by difficulties surrounding the cryptocurrency storage and exchange spaces.
However, if bitcoin gains scale and captures 15% of the global currency market (assuming all 21 million bitcoins in circulation) the total price per bitcoin would be roughly $514,000.
