Bitcoin May Never End-Up Being A Currency, But Best Store Of Value

Bitcoin started as a currency but now with all the institutional investors and the price spike predictions and speculations it is not clear that it end p as a currency for many reasons. Like the volatility and use cases and speed and scalability and so on. But the case for bitcoin being a store of value is very strong, every crypto investor has it in mind that it may be the next gold. It has already almost replaced many other options to store value. The current regulations also are pointing to a property and commodity to a currency. While there are other cryptos that are making it to the top ten and they are still having a very strong case for being a digital currency like Zcash, Litecoin or even some stable coins are being introduced to play that role at least while the crypto market is too volatile to be used as a currency.


“I’m seeing an industry that is growing at a very rapid pace right now where we see companies that are involved in Bitcoin and blockchain hiring at a rapid rate,” Greenspan said. “We see new projects coming online. We see all kind of indication that people are getting more and more involved in the market.”

The end of selling related to the booking of taxable losses could be contributing to Wednesday’s bounce, said Mike McGlone, an analyst with Bloomberg Intelligence. “The reduction of that selling is a good reason for the bounce,” he said. “Now is about the duration of the bounce before resuming what is likely a longer-term bear market.”

Bitcoin is the greatest stored value ever created, say Kerner

Lou Kerner of CryptoOracle discusses the plunge in cryptocurrencies and his belief that Bitcoin still has tremendous value.

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Mohsen Daemi
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