Blockchain Exec: Bitcoin Was Meant To Be A Store of Value Instead of Digital Cash12

Since its inception 2008, it has long been established that Bitcoin is a digital form of currency. It can be used to buy things online, to convert into other cryptocurrencies, and more. However, due to its volatility, the digital asset has hardly been seen as a store of value, though it technically can be.

This has lead to a bit of an argument within the industry, with the two sides claiming Bitcoin is either a store of value (SoV) or a Medium of Exchange (MoE.) Sure, both sides have some merit, but one industry leader, Dan Held, claims Satoshi meant for the technology to be a store of value and that alone.

Original source

Add comment

Please Sign in to be able to leave comments.