World's most valuable brands in 2020 by Forbes.

San4osss

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They couldn't include #Bitcoin

in the list since it's valuation is more than $1 trillion.

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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.

 
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