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There is a difference between currencies and stores of value -- its viability as the former is weak at best but it is formidable in the latter. Now, that said,
by ihsw2 9y ago
There is a difference between currencies and stores of value -- its viability as the former is weak at best but it is formidable in the latter.
Now, that said, its worth as a speculative investment vehicle is proven. Low cost to acquire, low cost to sell, abundant, minimally appreciates in value over an 18-month period (much less a quarter-century), resistant to tampering (setting aside external price manipulation), high popularity -- few other speculative investment vehicles outside of the finance industry have had such success.
Granted, its staying power is an unknown and whether it will be around when it reaches its 25-year age is something else to consider.
- Jtsummers 9y agoA store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. Bitcoin is crappy as a store of value, you cannot predictably sell your position in BTC to any other currency for the same or greater amount that you put in before. Actual stores of value include real estate, bonds, currency (real currency, not crypto"currency" that can't be used as a currency), and collectibles. Stocks are not stores of value. Their prices are too volatile. Cryptocurrencies, presently, are not stores of value. Their prices are too volatile.