Quote from: Hatchy on Today at 11:23:20 AM

Quote from: headingnorth on Today at 04:20:50 AM

1. Bitcoin is a neutral asset
2. Bitcoin is a store of value
Bitcoin is just a better version of gold.

The major feature of bitcoin is decentralisation, not really a store of value. Creating a system where no one, not the government or the creator would be able to control, that was the vision for its creation. bitcoin can serve variety of purposes, it all falls down to what you and I wish to use it for.

Gold can be manipulated, gold can be controlled, gold is a store of value. We just have to understand the difference and how good bitcoin has been changing the way the financial system is viewed. The rate of adoption has increased over the years and bitcoin continues to prove to the world why they should adopt it even more...

Bitcoin is more than a store of value. People throw around the term 'store of value' a lot but what does
it actually mean? The more accurate term is preservation of value.

Only last year I could buy chicken thighs for 99 cents per lb. at any local grocery store.
But yesterday when I walked into the same store the same item costs me $2.50 per lb.
Same thing with raw steak or beef, prices of many basic food products in the USA more than doubled in less than a year.

In other words, holding onto cash, treasuries, bonds, etc. the value of your money is being stolen.
Even holding cash in a certificate of deposit or high yield savings account can't keep up with inflation.
The president's crazy tariff war is certainly isn't helping.

Why not put money into stocks instead of bitcoin? The problem with the stock market is the counter-party risk.
Stocks and the companies they represent are highly centralized entities that come with massive counter-party risk.
Tomorrow Trump might decide to put 50% tariff on the products of the stock you are holding and your stock suddenly crashes
losing half its value within a few days.

If you were holding Boeing stock after the Dreamliner crash in India you would be screwed as the stock tanked.
Corporations are run by humans who have proven over and over they can't be trusted.

That's why Larry Fink himself described bitcoin as a safe haven asset, which of course a stock could never be.
Bitcoin preserves your wealth. If the $37 trillion dollar national debt wasn't bad enough to destroy the value
of your purchasing power, add to it the crazy tariff war and trillions more debt piled on by the Big Dumb Bill,
and it may not be long before we are seeing a massive collapse of the dollar and hyperinflation.