Post
Topic
Board Speculation
Re: Bitcoin is a reliable store of value - what’s a reliable store of value for you?
by
wagmi
on 07/09/2022, 21:02:50 UTC

What is a good store of value for you?
What makes it unique, what is a must have for a store of value?

In my opinion it’s proven scarcity and Bitcoin is very good at it.


I don't think that the scarcity of Bitcoin makes it a very good store of value.  
But it doesn. If it doesn't have a limit, people were not commited to holding it. People always like scare stuff, be it a material or digital (Bitcoin). Bitcoin is doing what Gold is doing best + additional features.

As a matter of fact, at this moment, I do not consider Bitcoin as a reliable store of value due to its high volatility.  
You are doing it wrong. If people are blended by Bitcoin's volatility, such people have missed Bitcoin's 10 year long gains from 1 Dollar to 20k Dollar.
Reality: Bitcoin is volatile and a store of value.