Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
wozzek23
on 17/03/2020, 15:59:12 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.
I’m sorry mate I am still not going to agree to that. What about gold? Everyone keeps saying that gold is a safe haven, but didn’t you see that the price of gold dropped from the over $57k and down to $45k or so (I think a bit above or less that). And yes Bitcoin was also affected, but does that make gold to be anything better than Bitcoin? No! They were both affected so they are probably the same.

If you’re looking for something that can be used as a means for store of value, you should go for whatever you want to use, anything can be used as a store value, as long as it works for you. They can’t be profitable at all times.