Post
Topic
Board Bitcoin Discussion
Re: BITCOIN IS NOT A STORE OF VALUE
by
amishmanish
on 31/08/2022, 03:18:39 UTC
What you're trying to convey. TV, computers and phones were the store of value. There is a difference between store of value and the devices. Innovation doesn't have limits, if gold and silver weren't found we could've made the same innovative devices with something else for sure. Maybe we don't get the perfect outcome as gold and silver, but there'll be a solution for it.

The rare availability makes it more valuable, with bitcoin the limited supply makes it more valueable. Being a store of value is simple, as bitcoin carries a value it is considered as store of value. Even if the credit goes to gold and silver it isn't a big thing.
I completely agree with your prospective, Bitcoin is not a commodity, it's an ever evolving innovation. There is not limit to application of innovation. Infact applicability is the value of Bitcoin. Looking at the current and future prospective, I think value of Bitcoin is only going to shoot up..