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For quite a while the prevailing sentiment has been that bitcoin is a store of value and more akin to gold not dollars. At any rate, there's plenty of crypto w
by Tenoke 5y ago
For quite a while the prevailing sentiment has been that bitcoin is a store of value and more akin to gold not dollars.
At any rate, there's plenty of crypto with much different aims.
- shkkmo 5y agoOnly by people with no understanding of economics. The demand for Gold is primarily functional and is generally larger that the speculative demand. This puts a floor on on its value. Cryptocurrency is almost pure speculation and thus has no floor to its value.