Bitcoin, the mysterious virtual currency, has reignited discussions, this time concerning its inherent safety. Tech-oriented Ark Invest chief executive Cathie Wood sparked excitement by stating that Bitcoin is supported by the world’s most extensive computer network. This statement reiterates Michael Saylor’s description of Bitcoin as being “digitally scarce,” portraying the digital currency as an invulnerable stronghold. Additionally, for context: there’s associated news where the former CEO of IcomTech was sentenced to five years in prison for deceiving investors in a cryptocurrency scam. Cathie Wood regards Bitcoin as a stronghold. Is the situation really as clear-cut as it seems? Commentators including CNBC’s Jim Cramer and JPMorgan’s Jamie Dimon have consistently described Bitcoin as nothing more than a speculative frenzy. Critics highlight its unpredictable price fluctuations and doubt whether it has any inherent worth. Yet, Wood’s statement is grounded in an undeniable fact: The scale of Bitcoin’s network surpasses the collective power of major technology companies such as Amazon, Google, and Microsoft. Presently, Bitcoin is valued at $41,576 according to the daily trading figures from TradingView.com. The intricate network of independent miners that verify transactions through advanced cryptographic processes constitutes the foundation of Bitcoin’s safeguarding measures. Eric Yakes, who wrote “Bitcoin and the Monetary Revolution,” accurately states, “Bitcoin’s value isn’t underpinned by the most extensive computer network on the planet.”