3 ms·
What does "store of value" mean when the only value you can extract from it, is value that other people put in? Otherwise it wouldn't be any different than hold
by conscion 5y ago
What does "store of value" mean when the only value you can extract from it, is value that other people put in? Otherwise it wouldn't be any different than holding onto a $20 bill (and having inflation destroy it's purchasing power)
- Sammi 5y agoHow does gold store any value? It's not because you can extract any value from gold or because it is useful for some industrial purpose. That's only a minor part of it. That's not why people in general covet it. People value gold, because it is hard to get and other people don't have it. Same for Bitcoin.