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by woodruffw
1958 days ago
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> This is the definition of a good store of value. No, it isn't. Apart from the fact that countless people have lost their shirts to BTC (it's down 6% today! There are losers today!), an asset whose value rises in unchecked proportion to the real economy represents a fundamental liquidity risk: everybody is going to want to sell, but nobody is going to want to buy. That is why cash is the canonical store of value: not only does it not change (much), but you can exchange it without undermining the value itself. |
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BTC's liquidity has been increasing and will continue to increase in the future, so it's just a matter of time.
And you are again conflating SoV with volatility. Todays cash (USD) is not volatile but it's a terrible SoV. That's why no one is storing their wealth in USD and flee to harder assets (stocks, bonds, gold, and BTC).
Highly recommend this video for how investment firms think about BTC and SoV and how you should too: https://www.youtube.com/watch?v=KlXqfibqb38