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finance
Is Bitcoin a store of value?
submitted 3 years ago by frankielc from wasteofserver.com
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[–]ImHereForFinance 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 3 years ago (0 children)
Yes to some extent. I like bit coin. Speaking in terms of supply and demand: It is super cool as a concept as it fights fiat currency which constantly deflates in value after an inflation in the currency supply. Bitcoin supply is static and superior to cash as a the bitcoin supply is constant. As demand for it increases the price will inflate and the supply will stay constant. Stock constantly generate a profit and are even better than either. Profitable stocks are even better than bitcoin but are a poor means of convenient exchange. Crypto is superior as a means of exchange and for that reason I think stock market backed cryptocurrency would be the most beneficial hybrid currency. A money that pays you to hold it that can easily be exchanged.
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[–]ImHereForFinance 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)