Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
Harriti
on 23/07/2020, 12:29:36 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.
$ 3k is unlikely to happen this year. Bitcoin is still on the rise because the halving has taken place and maybe in the coming days it will pump. The level of pump will still depend on the general economy, if the disease is still raging in many large countries, then it is likely that bitcoin will only fluctuate around $ 8k - $ 10k this year. I don't think it will plummet once more.