Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
Scotslass
on 24/07/2020, 14:27:15 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.
Unfortunately, bitcoin at the moment is nothing but a store of value.
You can buy something with it and it is adopted by some businesses, but we all understand that apart from lightning network it is a high fee slow transaction coin.
There are many others more usable coins and tokens out there that deserve attention