PANews February 21 News, Bloomberg analyst Eric Balchunas stated that the unique value of Bitcoin lies in its user-driven nature, along with its censorship resistance and debasement-resistant properties. Currently, these two aspects remain unchanged. He believes that due to the friendly attitude of the current U.S. government toward Bitcoin, the importance of “censorship resistance” appears to decline in developed markets in the short term, but it still has practical use in emerging markets and may become more prominent in the coming years. Additionally, he mentioned that Bitcoin is still in a relatively “young” stage, with high price volatility and narratives easily influenced by price movements. Investors should distinguish between price noise and long-term value.
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