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Isn't any asset held because people think it will rise in value?

• kasey_junk 5y ago
  No. Cash holdings tend to be kept around to be used.
  • danuker 5y ago
    Right. But you do expect money to not lose much value in the future. With current national currencies, you can't retire on cash savings. With crypto"currency" (which I agree is more like an asset), you can, if the supply is fixed and the demand were roughly the same.
• jeremyjh 5y ago
  GP comment wasn't about investment assets, but about currencies.
• ninkendo 5y ago
  Yup, which is very compatible with the view that crypto is more accurately described as an asset than as a currency. If it were a currency, the constant large fluctuations and inflation of its “price” would be a bad thing, but as an asset? Great! Best of luck finding the greater fool before the rug is pulled out though.