Bitcoin is purely numbers in a computer. As such, it doesn't really exist.
Supposing, as in many countries where there is conflict today, there is no electricity available for weeks on end. How do you prove you have bitcoin? How do you go about buying something with it?
What happens if you forget/misplace/lose the password? I know of some people who are forever locked out of using the bitcoin(s) they "own" because the password has been lost.
What happens to those 'lost' bitcoin? Who owns them now? Do they just disappear into the unknown, the same as every other thing sent to the bit-bucket?
Now, compare 'owning' the bitcoin to really owning a small bar of gold. Gold exists forever, atom by atom, till the end of the universe. It matters not if the electricity is gone for a century or two, that gold can be used as a store of wealth or to buy something, no matter what is happening in the world around it.
Supposing, as in many countries where there is conflict today, there is no electricity available for weeks on end. How do you prove you have bitcoin? How do you go about buying something with it?
What happens if you forget/misplace/lose the password? I know of some people who are forever locked out of using the bitcoin(s) they "own" because the password has been lost.
What happens to those 'lost' bitcoin? Who owns them now? Do they just disappear into the unknown, the same as every other thing sent to the bit-bucket?
Now, compare 'owning' the bitcoin to really owning a small bar of gold. Gold exists forever, atom by atom, till the end of the universe. It matters not if the electricity is gone for a century or two, that gold can be used as a store of wealth or to buy something, no matter what is happening in the world around it.