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It gives bitcoin its first use-case--inflation resistance. All other currency is continually losing value, by design. It is logical to pick the currency that do
by ericb 9y ago
It gives bitcoin its first use-case--inflation resistance. All other currency is continually losing value, by design. It is logical to pick the currency that doesn't lose value by design to store your money. Everyone talks about how bitcoin's volatility makes it a bad store of value. This is only true in the short term, though. In the long term, an asset that trends upward is a more ideal store of value even if it is volatile.