Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars and natural disasters such as Earthquakes, hurricanes, cyclones etc.. so gold and silver are a store of value.
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.
As a commodity, what does Bitcoin price show or protects people from ??
Protection against inflation
I do agree but once all bitcoins are mined out (estimated year: 2140) bitcoin be subject to inflation. For inflation to occur, the demand of the currency must exceed the supply provided in the market. Since mining and creating bitcoin only halves itself every four (4) years, it will inevitably be scarce in the future.
Although bitcoin may be immune from inflation in the time being, it is preferred for investors to consider their investments for long-term as its value might skyrocket once its creation stops.
Lastly, that is primarily the reason on why people view investing into cryptocurrencies (bitcoin to be specific) as a legacy that can be passed from generation to generation.