Gold is considered to be a store of value.
For decades, it hasn't really moved much.
The market cap is $17 trillion, a lot of buyers and sellers at the same time.
The market cap of crypto is 'only' $2 trillion, becoming more...
So, what would it mean if btc couldn't climb the latter to $100k?!
Isn't it being referred to as a store of value, by its supporters?
If that is the case, investors shouldn't be sad at all if they buy at $60k,
and sell it 5 years later for almost the same price (after inflation).
That is the core meaning of a store of value (!)
As we see by now, spikes to the upside are being sold,
as people still prefer to make their profit in dollars!
So, that said, btc could share the same faith that gold has...
Growing in value very slowly (or even not at times).
The core meaning of a store of value asset.
Additionally to that,
btc is the only real commodity chain.
To have a chain like that adopted by the masses for payment (and so that they prefer to keep their money in btc, rather than selling it again for dollars),
it should have low transaction cost.
That is not the case.
We will only see a succesful chain, when it covers both fields:
Being a commodity (value) chain, and being very low in transaction fees (preferable no fees at all).
Only alternative would be bitcoin cash at this very moment.
For decades, it hasn't really moved much.
The market cap is $17 trillion, a lot of buyers and sellers at the same time.
The market cap of crypto is 'only' $2 trillion, becoming more...
So, what would it mean if btc couldn't climb the latter to $100k?!
Isn't it being referred to as a store of value, by its supporters?
If that is the case, investors shouldn't be sad at all if they buy at $60k,
and sell it 5 years later for almost the same price (after inflation).
That is the core meaning of a store of value (!)
As we see by now, spikes to the upside are being sold,
as people still prefer to make their profit in dollars!
So, that said, btc could share the same faith that gold has...
Growing in value very slowly (or even not at times).
The core meaning of a store of value asset.
Additionally to that,
btc is the only real commodity chain.
To have a chain like that adopted by the masses for payment (and so that they prefer to keep their money in btc, rather than selling it again for dollars),
it should have low transaction cost.
That is not the case.
We will only see a succesful chain, when it covers both fields:
Being a commodity (value) chain, and being very low in transaction fees (preferable no fees at all).
Only alternative would be bitcoin cash at this very moment.
