For our savings, it’s very important to convert our money, or some of it, into a store of value to keep it safe from devaluation and to keep purchasing power.
Saving is very important and only a good store of value is suited for savings to prevent devaluation.
But how is a reliable store of value designed? Finding out, what a good store of value is about will lead us to few conclusions:
It should be proven to be scarce.
It should be easily transported and easily exchanged.
It should be easily divided and keep value (not go broken).
It should be accepted and people should consider it as a store of value.
We can see: all points are somehow important to define a good store of value. Since a long time, Gold is considered as a good store of value but also Bitcoin is designed as a store of value, it’s also called digital gold.
Bitcoin is limited to 21M Bitcoin making it a very reliable store of value!
Since Gold existed, it has been store of value number one but now, we have Bitcoin, competing against Gold as a store of value.
We can compare advantages and disadvantages of Gold / Bitcoin and some people might consider Gold and Bitcoin to have as a store of value
Which is very good for Bitcoin because currently Bitcoin is only 5% of Gold's marketcapitalisation.
Bitcoin will close its gap to Gold in terms of marketcapitalisation.
Many stores of value are existing and we should always consider for and against arguments.
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.
HODL
wagmi
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