Is Bitcoin better than other traditional asset as a store of value?

[Potuse]

Comparing bitcoin as a store of value with other traditional asset, you would agree that bitcoin is a good store of value because you can make the amount you invested in multiple folds . This is what makes it better store of value.

 

[Planbizzle]

There isn't a definite agreement on this because it greatly relies on the risk tolerance and investment objectives of the individual. Before making any investment decisions, it's crucial to conduct your own study and speak with a financial advisor.

 

[Grant]

Honestly Bitcoin is far too volatile to keep its value. You can hold onto it for years and watch it increase in price, but if Bitcoin ever falls again, that worth also plummets. Bitcoin has already dropped considerably over the years. Before the pandemic if i remember correctly, Bitcoin was reaching near $60,000 in worth. But now, it's a little under $30,000.

It dropped down to $15,000 at one point, so the store of value as you say, probably doesn't work so well with bitcoin, as it's unpredictable and could lose its worth at any moment.

 

[Danny4cash]

Bitcoin is a good asset and I think it's better than some of the traditional asset. If you invested your money on cryptocurrency, you might double of your investment within two weeks as a profit.

 

[Nomad]

It is very difficult to say whether it is better than the traditional assets. However, a lot of people people it is the best asset as it has managed to go from zero to $68K just in 12 years.

 

[Mayorla]

Bitcoin is a great store of value compared to other traditional asset like Gold or Oil. Though, Bitcoin possess some risks, but even those traditional assets are risky also, as Their prices are not stable.

 

[Ononivami]

Bitcoin is a good store of value and because the coin has shown good potentials as the best store of value . So many people love to adopt Bitcoin because of its high level of acceptance in the cryptocurrency market.

 

[Bango]

It depends on when you bought it. The price of bitcoin has had many crashes, if you invest your money in gold, this will never happen to you. But if you bought Bitcoin when it was $15,000, yes it is worth it

 

[Riberet19]

A store of value will never fall by 84% no matter how much it increases in the future, we can say that it is a speculative asset that makes great leaps, let's not confuse things, that it increases over time enormously does not mean that it is a store of value, a store of value for me is an asset that grows exponentially with little volatility both downward and upward.

 

[Yohanna]

Bitcoin is better used as a store of value because storing bitcoin for a long time will probably appreciate in value in the future because of its high volatility.