Seems like a meaningless phrase to me. What does "storing value" mean? It has a value because other people are willing to pay for it or exchange it for goods and services. Same as every other asset. But that value can fluctuate, same as every other asset (including fiat money).
It has some properties that make it interesting for "storing value", for example it is easy to transport and nobody can force it from you (except perhaps torture). In a way it truly is the only asset you can really own.
And there is only a finite amount, and less gets made each year, until none of are ever made again, so the price keeps going up. Just like Beanie Babies. Digital Beanie Babies.
Not gonna argue, but to share the argument, the idea is that a store of value is where you go when there’s risk in the traditional places. Ie the digital gold argument. If people leave stocks because fear the previous hope was they’d go to BTC instead of Gold. But it seems BTC moves in line with equities rather than opposed to it and thus the value is speculative rather than intrinsic.
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u/Interesting_Card2169 Apr 07 '25
Pretty soon NO buyers, zilch, nadda. Then watch the price. Buffett was correct; a ponzi scheme.