Bitcoin is the first infinitely divisible truly-scarce digital real-estate that easily can be transferred to anyone in the world without relying on trusted parties. Its price is driven by both demand from those who believe in its utility and the cost required to produce and maintain it.

Someone on Twitter asked how to explain Bitcoin to someone who says it’s just the “greater fool’s” theory. This is how I thought about it. Thoughts? via /r/Bitcoin https://bit.ly/36jux5j