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Bitcoin is a store of value. Someone has yet to create to create an effective medium of exchange out of a crypto-currency.
by mpg33 8y ago
Bitcoin is a store of value. Someone has yet to create to create an effective medium of exchange out of a crypto-currency.
- detuur 8y agoIt's not a store of value. It's a speculation asset. A store of value is something that is good at preserving the value that went into acquiring it. A store of value is not volatile, runs no chance of losing all its value overnight, can be insured against value loss at low margins, and has a long history of being used as a store of value. Bitcoin or any other cryptocurrency is none of these.