Why do I hold Bitcoin? It is 100% to make profit. Let's not kid ourselves, profit is the main driving force of every investment, it is what made Bitcoin this successful. Bitcoin is structured in such a way that it will attract more demands: being money, it creates scarcity with its 21M cap total supply and its supply halving. According to the law of supply and demand, this scarcity characteristics increases its demand which in turn increases price. So even if we all say "we're in it because of it's utility alone", a lot of investors are in it for profit.
You are not wrong if we are being honest to ourselves because most people take the risk of investing in Bitcoin for the potential profit from it,
even though they are aware that it doesn't guarantee quick profit. And that potential profit is what attracts attention, adoption and that contributes to Bitcoin's success and we know if people saw no value in it, no one will care to use it. But the structure of Bitcoin is what gives people the mindset to invest for long term.
Bitcoin doesn't guarantee profits even in the long term either and not just in the short term. People are attracted to Bitcoin for different perspectives, most people are attracted to Bitcoin because it is a store of value, for investment as it value can increase over time,
Yes, people are attracted to Bitcoin from different perspectives, but I'm attracted to Bitcoin mainly because it has the potential to generate yield if held for the long term and it can also fight against inflation, as this currency acts as a hedge against inflation. By the way, the world's economic infrastructure is under pressure due to geopolitical conflicts and trade tensions, which is also causing inflation in my country.
Bitcoin is limited in suply that is 21 million, many more but just few to mention, all of this can be considered as profit in my own point of view and which has also influence the adoption rate and has contributed to Bitcoin success.
Absolutely you are right the supply of Bitcoin is limited, meaning it is 21 million, in that context it is becoming easier to prevent the depreciation of fiat currency by patiently buying this currency in fractional amounts regularly and as far as I know since it is a means of saving and investment, holding it with a long-term mindset opens up a way to earn significant profits. Even considering the past price chart of Bitcoin, we should save BTC for the coming years and everyone should preserve wealth by investing in electronic currency.
