Post
Topic
Board Press
Re: 2013-12-10 CNET - PayPal Online President says Bitcoin is good
by
Cunningham
on 10/12/2013, 14:59:08 UTC
Quote
People are confused. They think because it's called cryptocurrency it's a currency. I don't think it is a currency. It's a store of value, a distributed ledger. It's a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government's currency does not hold value. It's also a good investment vehicle if you have an appetite for risk. But it won't be a currency until volatility slows down.

I like this point of view. Bitcoin as a store of value, this makes a lot of sense.