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It has all the properties of a store of value. Scarcity, durability, portability, fungibility and divisibility. If we compare assets on their fundamental proper
by Geee 6y ago
It has all the properties of a store of value. Scarcity, durability, portability, fungibility and divisibility. If we compare assets on their fundamental properties, then we arrive at the conclusion that bitcoin is the best asset for storing value. Then, markets decide the relative value to other assets by buying and selling. The upwards movement in price discovery will continue until value from inferior assets, such as gold and real estate, has transferred to bitcoin. After that, bitcoin's price will stabilize around $15 million per bitcoin, and continue increasing with economic growth.