I’m not saying fiat currency doesn’t store value… just that, of the functions of money, it’s better as a medium of exchange + unit of account where you care way more about price stability and liquidity.
A good store of value is scarce, durable, transferable and divisible - and I think most people agree that you compromise scarcity to get price stability.
We don’t have to take anyone’s word on this though you can just look at what endowments and wealth funds hold to see what people believe are the best stores of value: https://www.nbim.no/en/the-fund/investments/#/
A good store of value is scarce, durable, transferable and divisible - and I think most people agree that you compromise scarcity to get price stability.
We don’t have to take anyone’s word on this though you can just look at what endowments and wealth funds hold to see what people believe are the best stores of value: https://www.nbim.no/en/the-fund/investments/#/