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by jvik
1893 days ago
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As many have argued before me. Bitcoin will probably not be useful as a every day currency, but more useful as a store of value and long term investment. There are other cryptocurrencies that are faster, have lower transaction fees, provide anonymity and are just as easy to use. |
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March 2020: "Bitcoin loses half of its value in two-day plunge"
* https://www.cnbc.com/2020/03/13/bitcoin-loses-half-of-its-va...
March 2021: "Bitcoin surpasses $60,000 in record high as rally accelerates"
* https://www.cnbc.com/2021/03/13/bitcoin-surpasses-60000-in-r...
Do you want the adjective "stable" in there perhaps? Store of value:
> A store of value is essentially an asset, commodity, or currency that can be saved, retrieved, and exchanged in the future without deteriorating in value. In other words, to enter this category, the item acquired should, over time, either be worth the same or more.
* https://www.investopedia.com/terms/s/storeofvalue.asp
Well, at least it hasn't gone down (yet?).