Others have pointed out the unique features of Bitcoin, so I will answer some more essential aspects. In the first place, Bitcoin is regarded as exchangeable money, and is no different from legal currency.
And the value of money is recognized because people all over the world recognize it as money. At first glance, it seems like you are saying something before, but here is an example.
For example, when you try to use a credit card overseas, it is not always possible to use it.
This is because the credit card itself is often untrustworthy in addition to the case where the credit card is not installed in the area (store, hotel, etc.).
Regardless of whether it is a credit card or money, the essence can be used as a payment because the user is trusted, and if the personal credit information is unclear, it is necessary to provide other credible value. In other words, cards and money are what human credit information is taken over by companies and countries.
In foreign countries, the yen is not very trustworthy, so it is necessary to exchange it for local currency and dollars.
There is one problem here.
So what credit does Bitcoin take on?
Because Bitcoin is decentralized, in other words not a central bank, “something outside the country” has given its credit.
Undoubtedly, people all over the world through the Internet. Through the blockchain, “people around the world are monitoring without relying on the country”
Bitcoin is established because of the credibility that is born (because it leads to human trust in the first place).
For example, if you have a huge machine in the center of the world where you can see all the records of economic activity on the planet, you don't need a central bank or banknotes. Aiming for this is the philosophy of many cryptocurrencies and expectations for investment.
At this stage, the concept is being priced, but Bitcoin, at least when it is recognized, will be the most valuable. This is a kind of thought experiment as well, but I can't spend any money on the day when the coming earth ends. So why is money currently in circulation? The answer is the same for both bitcoin and money
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