Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
jostorres
on 03/04/2020, 12:02:42 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 don’t really agree with that. You’re saying this because the price of Bitcoin crashed as of recent. What if the price kept increasing, are you still going to question whether it is a store of value or not? Roll Eyes You will be very excited and wouldn’t even ask.

Gold is a store a value, and it’s not just gold but silver and other precious metals as well, but despite that , the price of gold and all these precious metals still crashed to a low price, and some of them have managed to get back up a bit, especially gold and silver. Bitcoin went down and still got back up, it’s a matter of time and it will start going back up again.