Post
Topic
Board Speculation
Re: Bitcoin is a reliable store of value - what’s a reliable store of value for you?
by
Jawhead999
on 08/09/2022, 11:30:32 UTC
I don’t consider Bitcoin to be a store of value. It’s a highly speculative asset. When I think store of value, I think things with a very long history of increasing value. That leaves the S&P 500 as the best place to store money, followed by owning your home, and then things like artwork or gold jewelry. Bitcoin is a bet on a new emerging asset class.
I think if Bitcoin already proven survived for many decades and everyone trust it, then Bitcoin can be said as store of value. Bitcoin would resistant against government centralization and dictatorship, but we don't know how much Bitcoin will worth since the adoption will highly decreased.

Fiat isn't a store of value too since it's only created by paper, but since everyone are trusting fiat and believe the value based on the number that written on the paper.