Bitcoin clearly is not a medium for storing wealth.
When you store something, the intention is that it will keep its value. You store grain in a silo in order to retrieve it later. You store oil in a tank in order to retrieve it later. You can store money in many different ways, but the intention is to be able to retrieve it later.
In all cases, the most important part of "storing" is that the value/quantity you store is approximately the same as when you put it in. With money you may be lucky it is somewhat up - but that is not important. "Storing" means it is important that you can get almost the same value back if you need it.
Look at BTC just in the past few days. Anyone "storing" value in BTC 4 days agot have lost 35%. That is not "storing"
BTC is speculation alright.
BTC can not by any reasonable definition be called a medium for storing wealth, that is simply absurd and wrong to say
Topic: Bitcoin is a medium for storing wealth (Read 122 times)
i agree with you, bitcoin trading exchange to support a variety of digital asset like litecoin,bitcoin cash,.......
bitcoin add 1700% this year only and cash must happen in one day
bitcoin add 1700% this year only and cash must happen in one day
In fact, this year, bitcoin growth is amazing. According to AEX platform data, bitcoin has risen from around 1000 dollars at the beginning of this year to about 21000 US dollars, which has increased by nearly 21 times in the past year. In the past eight years, it has risen 22 million times in total.
Although the question of the contrastive currency has never disappeared in eight years, it does not prevent it from rising all the way. At present, the rise of bitcoin makes its market value even surpass that of the two most influential financial institutions in the world, Goldman Sachs currently has a market value of 97 billion dollars, while the market value of UBS (UBS) in Zurich, Switzerland is about 67 billion dollars. The value of the two banks plus the market value of the bitcoin is not high.
AEX bitcoin trading exchange to support a variety of digital asset spot transactions,including bitcoin, litecoin, ethereum and other online purchase and sale trading services,to provide you with a leading bitcoin trading experience, to meet your investment needs
Although the question of the contrastive currency has never disappeared in eight years, it does not prevent it from rising all the way. At present, the rise of bitcoin makes its market value even surpass that of the two most influential financial institutions in the world, Goldman Sachs currently has a market value of 97 billion dollars, while the market value of UBS (UBS) in Zurich, Switzerland is about 67 billion dollars. The value of the two banks plus the market value of the bitcoin is not high.
AEX bitcoin trading exchange to support a variety of digital asset spot transactions,including bitcoin, litecoin, ethereum and other online purchase and sale trading services,to provide you with a leading bitcoin trading experience, to meet your investment needs
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