Post
Topic
Board Economics
Re: Bitcoin is no longer a currency
by
voltesbit777
on 06/05/2017, 15:26:42 UTC
https://www.theatlantic.com/business/archive/2013/04/bitcoin-is-no-longer-a-currency/274859/

An article from The Atlantic magazine - from 2013, way back in 2013 - declaring that bitcoin is not a currency, but "the ultimate tech stock"!

The four years since the article was written has proven that bitcoin is akin to an Amazon or Facebook (stock, not company), and much less "Pets.com". That's a good thing.

I have to agree with them. Every week that passes without a new company in any local metropolitan area deciding to accept bitcoin as currency is a two weeks further away from bitcoin actually being adopted, mainstream, as a currency.

Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange.

What do you think?
Actually, you already answered your own question dude, it is true the bitcoin is a store of value. But for me I would rather go to hold some bitcoin for the future preparation due to the volatility is very aggressive when it comes the value is movable sometimes too.