Store of value is a way of preserving wealth over time. This is extremely useful if you've a surplus from the essentials and would like to preserve it for the future.
Gold is considered to be the this store of value, but gold does have certain issues to be addressed.
Gold is considered to be the this store of value, but gold does have certain issues to be addressed.
The problems with Gold :
1. Wastage when conversion is very likely and we intend to lose some money in the process.
2. Gold is difficult to store and safeguard. Since gold is a physical entity and pretty much worn as an accessory, it is subject to theft often.
1. Wastage when conversion is very likely and we intend to lose some money in the process.
2. Gold is difficult to store and safeguard. Since gold is a physical entity and pretty much worn as an accessory, it is subject to theft often.
3. Gold is hard to verify as well. Certain specialized knowledge is required to verify if the metal is actually gold and determine it's purity.
4. It's hard to divide and distribute gold if needed be.
4. It's hard to divide and distribute gold if needed be.
Bitcoin solves these problems. How ?
1. It's a digital asset and it has proven to be secure with proper verification metrics. It's also easy to split and share if needed.
2. Bitcoin is totally in your hands. It's ultimately in your custody and not in a third party bank.
1. It's a digital asset and it has proven to be secure with proper verification metrics. It's also easy to split and share if needed.
2. Bitcoin is totally in your hands. It's ultimately in your custody and not in a third party bank.
S2F and Price Prediction
Stock to Flow or otherwise called as S2F is a method to measure how scarce a commodity is and is usually applied for metals. The same applied to Bitcoin reveals the value to touch 400k$ by end of 2024 and thus easily defeats inflation if invested.
Stock to Flow or otherwise called as S2F is a method to measure how scarce a commodity is and is usually applied for metals. The same applied to Bitcoin reveals the value to touch 400k$ by end of 2024 and thus easily defeats inflation if invested.
Although the purpose of Cryptocurrencies is mostly to serve as a transfer exchange, the idea behind Bitcoin is solely as a Store of Value with fundamentals set right. Hence, Bitcoin may not necessarily be used to make transactions but just as an investment strategy.
At last, it's vital to hold your own private keys. If you don't have the private keys and are dependent upon exchanges or a third party, then the coins truly doesn't belong to you. It's a must to have your own wallet and private keys.
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