Bloomberg analysts: Bitcoin's unique value lies in its user-driven nature and its resistance to censorship and inflation.

PANews reported on February 21 that Bloomberg analyst Eric Balchunas stated that Bitcoin's unique value lies in its user-driven nature and its censorship-resistant and debasement-resistant properties, neither of which have changed. He believes that while the importance of censorship resistance may seem to decline in developed markets in the short term due to the current US government's friendly attitude towards Bitcoin, it remains practically useful in emerging markets and may become more prominent again in the coming years. Furthermore, he noted that Bitcoin is still relatively "young," with high price volatility and narratives easily swayed by price; investors should distinguish between price noise and long-term value.