Post
Topic
Board Economics
Re: Will Bitcoin become a long-term trusted store of value?
by
jovs
on 20/03/2018, 12:44:38 UTC

If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.


Where do you get this figure from?

Bitcoin has the basic characteristics of a store of value, the main one being a limited supply. It will need to have some utility for it to be trusted as a store of value so it must succeed in some form as a currency.
As of now, Bitcoin is categorized as a digital currency, it is being considered as an instrument of exchange of value and service being rendered. Bitcoin' s acceptance is growing along with its popularity in the market. One of the most trusted store of value in the wold is gold, there are similarities that gold and bitcoin is being compared to. However, Only market experts can give that title to bitcoin. But , the true value and worth of bitcoin will be proven by its investors and users.