Why Bitcoin Is Worth at Least a Penny

Posted on by American Coins & Gold

Why Bitcoin Is Worth at Least a Penny
As bitcoin blasted through new all-time highs Wednesday, the following joke made the rounds.Jamie Dimon walks into a bar and orders a martini.“Bitcoin or cash?” asks the bartender.“You want to know my opinion on bitcoin?” says the JPMorgan CEO. “It’s worthless.”The bartender replies: “I know, but tell me anyway.”Every big run-up in bitcoin’s price prompts another debate about whether the oldest and largest cryptocurrency by market capitalization ($1.26 trillion, according to latest CoinDesk data) is worth anything at all. However, the likes of Dimon and other boomers are wrong when they say bitcoin is worth nothing.I have no idea where…