Over the previous few years, many have claimed that bitcoin core (BTC) has changed into, or will quickly turn out to be, a retailer of worth (SoV). Proponents of the BTC-based SoV idea appear to assume that cash can one way or the other retailer worth and if it’s held lengthy sufficient, the value will likely be larger or predictably helpful when spent at a later date. That is an financial fallacy nevertheless as a result of cash can not retailer worth and, as revolutionary as bitcoin is, it’ll by no means be immune to market influences.
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Menger Stomps the SoV Fallacy
There are a ton of individuals who consider that BTC is a retailer of worth and that in the event that they maintain hodling sometime they is perhaps tremendous rich and protected against the world’s turbulent financial system. Besides this couldn’t be farther from the fact. BTC shouldn’t be an SoV at present, and by no…