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Bitcoin: more than currency a faith based movement

Bitcoin: More Than Currency | A Deep Dive into Its Faith-Based Impact

By

Kiara O'Brien

Apr 14, 2025, 08:18 AM

Edited By

Elena Ivanova

Updated

Apr 16, 2025, 01:54 PM

2 minutes reading time

A visual representation of Bitcoin enthusiasts engaging in rituals, symbolizing devotion and belief in the digital currency.

In 2025, intensifying discussions around Bitcoin spotlight its controversial position, with a rising number of people defending their perspectives on the cryptocurrency. The latest commentary emphasizes Bitcoin as not just a financial tool, but a belief system embodying both fervor and skepticism.

Unpacking the Controversy

The debate over Bitcoin's utility remains heated. Recent comments highlight opposing views:

"Enthusiasm can make up for the fact that the thing itself is useless," pointed out one commenter, stressing that even if Bitcoin serves limited purposes, its appeal lies in the community's fervent belief.

In a thought-provoking remark, another commenter stated: "If they print money and inflate, you need something scarce to capture the change in the denominator." This underlines Bitcoinโ€™s perceived scarcity in contrast to traditional currencies.

Many community members categorize Bitcoin as a "digital altar," arguing that its value stems from belief rather than tangible utility. This reflects a broader sentiment that Bitcoin embodies a special significance akin to a religious artifact. Another pointed observation noted, "If society collapsed, we could revert to using gold instead of paper currency."

Assessing Bitcoin's Value

The diversity of opinions regarding Bitcoin's intrinsic value is stark. While some users maintain that gold retains real-world utility, others insist:

  • "Crypto is completely detached from all legal authority and all property.โ€ This assertion adds weight to the critique that Bitcoin lacks real economic function.

  • One commenter remarked, "Bitcoin doesnโ€™t serve people. People serve Bitcoin." This highlights the shifting dynamics of reciprocity in the Bitcoin community.

Conversely, supporters argue for the currency's role in facilitating value exchange at a global scale.

The Community on Fire

The Bitcoin community's emotions run high:

  • Skeptics assert Bitcoinโ€™s value ebbs with declining faith, fearing a systemic collapse.

  • Enthusiasts claim it encapsulates groundbreaking economic ideas that warrant protection through strong belief.

Notably, phrases like "100%" showcase shared sentiments despite varied convictions.

Key Insights

  • ๐Ÿ” Skepticism persists: Many people doubt its real-world function, likening it to a religious symbol.

  • โšก Enthusiasm drives belief: Passion can overshadow practical utility, redefining value expectations.

  • ๐ŸŽฏ Intrusion of traditional concepts: Arguments surface that compare Bitcoin unfavorably against established currencies in terms of utility and backing.

As we move further into 2025, a critical question remains: Can Bitcoin sustain itself purely on faith, or must it evolve to prove its practicality? The unfolding narrative suggests a fragile balance between community beliefs, practical applications, and perceptions of value.