Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is a Store of Value
by
freedomgo
on 09/06/2020, 10:53:13 UTC
BTC is still a highly speculative asset. It is still long way ahead to obtain a status of store of value. Moreover we are likely to go deep again very soon (read this https://newsblockchain.io/news/bitcoin-targets-6-7k-levels-as-the-attempts-to-break-out-10k-failed ) and it also won't bring us any closer to a status of store of value..


It could be true, but for some people, they trust their money on bitcoin as although it's volatile or an speculative asset now, but it's a strong asset that we can rely to hedge our funds especially if our economy is in trouble, the current situation is a big example.