What makes Bitcoin a good store of value?

3 answers

• garba nuhuApr 22, 2024 · a year ago
  Bitcoin's limited supply and decentralized nature make it a good store of value. With a maximum supply of 21 million coins, Bitcoin is designed to be scarce, which helps maintain its value over time. Additionally, its decentralized nature means that it is not controlled by any central authority, making it resistant to censorship and government interference. These factors contribute to Bitcoin's reputation as a reliable store of value.
  438

  219
• Prince coexiaMar 09, 2022 · 3 years ago
  One of the reasons Bitcoin is considered a good store of value is its historical performance. Over the years, Bitcoin has shown significant price appreciation, making it an attractive investment for many. However, it's important to note that past performance is not indicative of future results, and investing in Bitcoin carries risks like any other asset.
  356

  119
• Mostafa ElmadahJul 18, 2022 · 3 years ago
  Bitcoin's store of value proposition is further enhanced by its use as a hedge against inflation. With traditional fiat currencies subject to inflationary pressures, Bitcoin offers an alternative that is not subject to the same risks. This has led many investors to view Bitcoin as a potential safe haven asset in times of economic uncertainty. However, it's important to note that Bitcoin's price can be volatile, and it's not immune to market fluctuations.
  458

  115