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It's volatile because it is exposed to a fuckton of markets, but 1btc will always be 1btc.
by joshxyz 6y ago
It's volatile because it is exposed to a fuckton of markets, but 1btc will always be 1btc.
- lxgr 6y agoThat's not how measuring the "store of value" quality works at all. For example, inflation of a given currency is measured using a basket of goods and services, not other currencies.
- perpetualpatzer 6y agoThis could be said of any economic good. "1 Tulip bulb will always be 1 tulip bulb. It's just that people but them with a bunch of different currencies and all the other currencies have been really volatile relative to tulips (though not relative to one another)."