Putting an End to the Bitcoin Store of Value Fallacy

Over the last few years, many have claimed that bitcoin core (BTC) has turned into, or will soon become, a store of value (SoV). Proponents of the BTC-based SoV theory seem to think that money can somehow store value and if it’s held long enough, the price will be higher or predictably useful when spent at a later date. This is an economic fallacy however because money cannot store value and, as innovative as bitcoin is, it will never be immune to market influences.

Also Read: Memo Is a Decentralized Social Network Built on Bitcoin Cash

Original source
https://news.bitcoin.com/putting-an-end-to-the-bitcoin-store-of-value-fallacy/

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