Re: What Is Bitcoin: Internet’s Native Money or Asset for Speculation?
At the end of the last year, the G7 released a report, reading that Bitcoin and other cryptocurrencies have so far failed to provide a reliable and attractive means of payment or store of value.
But it's a reliable store of value. It's easy to store, you fully control your keys, and its long term value is increasing,
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The authors of the report believe that cryptocurrencies are excessively volatile and difficult to use, suffer from scalability problems, and face regulatory risks.
But it's reliable for long term store of value.
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An American billionaire Ray Dalio, founder of investment firm Bridgewater Associates, said that the first cryptocurrency is a speculative asset and isnt effective for payments or store of value.
It's an effective speculative asset to invest in a reliable store of value.
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We try to find out if Bitcoin is able to be money and what is it, exactly: the internets native money, a hedging instrument, or an asset for speculation?
https://forklog.media/what-is-bitcoin-internets-native-money-hedging-instrument-or-asset-for-speculation/
It can be all of them.
