brixjorgn on Nostr: Yes. People are interested in storing their value in secure ways. That is one of ...

Yes. People are interested in storing their value in secure ways. That is one of Bitcoin’s main value propositions. What makes Bitcoin more secure than everything else is the cost to attack it is insurmountable, due to it’s high hash rate. As the hashrate increases, it’s vulnerability to attack decreases.

In addition to the security gained by high hashrate, the huge and growing investment in mining from entrepreneurs also shows the confidence and commitment to Bitcoin that people have. It is an indication of it’s network effect, it’s staying power. Another good reason to save in bitcoin.