Sound Money on Nostr: Talking about #Bitcoin as a Store of Value or Deposit of Wealth only makes sense if ...
Talking about #Bitcoin as a Store of Value or Deposit of Wealth only makes sense if we assume that Bitcoin is a Medium of Exchange.
This will be better understood if we think that it is not value that is stored or wealth that is deposited, but rather that goods are exchanged for bitcoins and these are kept (hodl) as a reserve of purchasing power. And obviously if Bitcoin were not a Medium of Exchange it would not be used as a reserve of purchasing power.
This will be better understood if we think that it is not value that is stored or wealth that is deposited, but rather that goods are exchanged for bitcoins and these are kept (hodl) as a reserve of purchasing power. And obviously if Bitcoin were not a Medium of Exchange it would not be used as a reserve of purchasing power.