Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
South Park
on 16/03/2020, 15:54:08 UTC
Listen to this podcast.
https://unconfirmed.libsyn.com/coronavirus-how-it-will-impact-bitcoin-and-the-halving-ep116
However much you want it to be, BTC is NOT a store of value.  It has been a few years since $20K and even now, each peak is smaller than the previous peak.  Probably be $3K by the end of the week.
Bitcoin was not designed to be a store of value under the present circumstances, however I can assure you that in the case we go through an hyperinflation bitcoin together with gold will be one of the few assets that will outpace or at least keep up with the rate of inflation making it a store of value, and it seems that day is getting closer as Central Banks are really running out of options and the only weapon they have left to try to stabilize the situation is to print more money.