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All stored value is looking for the best store of value. Until bitcoin there was no clear winner - gold, real estate, stocks, bonds, savings accounts, pensions
by npoc 3y ago
All stored value is looking for the best store of value. Until bitcoin there was no clear winner - gold, real estate, stocks, bonds, savings accounts, pensions etc. have all got their own significant drawbacks.
People don't need to think beyond fiat, they'll simply store their wealth where its nominal value goes up the most, especially if it offers the most liquidity, portablilty, divisibility, etc
Here's a good analysis:
https://www.onceinaspecies.com/p/bitcoins-full-potential-valuation https://www.onceinaspecies.com/p/bitcoins-full-potential-val...