Post
Topic
Board Economics
Re: Hi Excuse me Are currencies a "store of value
by
Hallmader
on 28/12/2019, 03:02:19 UTC
Hi i'm monolicaคาสิโน
A quick history of currencies and paper money shows that money began as a deposit of a certain value of gold/silver and then turned into a representation of the promises of those who issue it.
Looking at the US dollar, it has lost more than 90% of its value, making all paper currencies a bad example of a "store of value." "I do not want to mention the scenario that happened in the state of Venezuela or Germany after the war."sagame

Not all cryptocurrencies are store of value. Others are stablecoins so they are not considered as store of value because their value will not rise too far from the currency they are pegged at.

Fiat money is never a store of value because their value is depreciating. Bitcoin is a store of value just like gold because its value is not falling just like fiat.