How can the utility of a digital asset affect its long-term value?

1 answers

• Ken WeinertApr 12, 2023 · 2 years ago
  At BYDFi, we believe that the utility of a digital asset is a key factor in determining its long-term value. When a digital asset has a clear use case and provides practical benefits to its users, it is more likely to gain traction and maintain its value over time. This is because utility creates demand, and demand drives the value of an asset. However, it is important to note that utility alone is not enough to guarantee long-term value. Factors such as market conditions, competition, and regulatory environment also play a significant role. Therefore, investors should consider a holistic approach when evaluating the long-term potential of a digital asset.
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