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Some of the key characteristics of a store of value are durability, limited supply, uniqueness, and portability. Unlike gold, BTC is neither unique nor truly in
by xenophon 9y ago
Some of the key characteristics of a store of value are durability, limited supply, uniqueness, and portability. Unlike gold, BTC is neither unique nor truly in limited supply, thanks to forks that create "inflation" and altcoins that can substitute for BTC in all pertinent ways.
The vast majority of participants in this market aren't parking their money in BTC to preserve it, and neither to use it as a medium of exchange. They're doing it with the expectation of a return. If those returns fail to materialize, the money will move elsewhere.
- mattmanser 9y agoThere are a load of comparatively worthless metals, compared to Gold.