Well, paper money is/was backed by gold, bitcoin is/was backed by nothing. Now that we are trillions in debt and people are realizing that gold in Fort Knox is worthless, it seems logical to look into alternatives.
Bitcoin and all other forms of crypto, only exist in a digital space and that can be difficult for people to put trust in.
I’m just now coming around and I helped to build a mining farm. While those investors had no problem putting up cash to invest in, I still wasn’t sold.
And if I am being completely honest, I’m still not completely sold, but willing to give it a try since the dollar isn’t treating me any better at this point.