4 ms·
> The longer Bitcoin survives, the more it will get adopted and integrated into the world's financial fabric, e.g., as a store of value. > We sure live in inte
by staunton 3y ago
> The longer Bitcoin survives, the more it will get adopted and integrated into the world's financial fabric, e.g., as a store of value.
> We sure live in interesting times!
I'm not really sure it's that interesting, or new at least. Since ancient times people have valued things as a store of value that have have been valued by other people as a store of value for a long time. Some of the best material examples are gold, silver, natural gemstones and works of art. These things are overpriced by orders of magnitude compared to their material economic value.
Bitcoin just takes it to the extreme in having negative objective physical value, i.e., in being immaterial and physically completely worthless, while taking up resources to even exist as a concept or meme.
So sure, it very well might be here to stay as a store of value for a long time. If history is any guide on these matters, it will be a store of value (and a profitable area of speculation) for the rich and big powerful institutions while the enduring and persistent meme in the heads of the common people keeps its value alive.