4 ms·
> Pretty much anyone with any understanding of economics would tell you that it's a terrible currency (and frankly, a questionable investment) - citation neede
by lowkey 5y ago
> Pretty much anyone with any understanding of economics would tell you that it's a terrible currency (and frankly, a questionable investment)
- citation needed
A store of value is a valid use case of a currency and Bitcoin has proven to be an amazing store of value compared with all fiat currencies that have been debased by their respective governments.
Bitcoin may also someday prove to be a viable unit of account in the future as it stabilizes and matures in price discovery, but fiat currencies by design will never be good stores of value.
Any Austrian school economist who understands the benefits of the Gold standard would tell you that the hard fixed supply of Bitcoin makes it a better currency for the people than any fiat currency.