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RE: Bitcoin a Currency or Asset ?

in #bitcoin7 years ago

I see it as a long term store of wealth / commodity. A savings plan that is pretty much guaranteed to see good returns. However, I see at as more than that, and this is where it gets quite political. I can see it changing the world in a decade and liberating many people that have been repressed by current financial institutions that prey on the vulnerable in the pursuit of greed. Imagine what could happen in parts of the world where people don't have access to banking? As long as they have a smartphone, then they can be connected, involved and represented. The pillars of the old system are shaking, and will eventually crumble and collapse. It'll be a rock journey ahead, but one that bitcoin will succeed at in my opinion.

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Bitcoin has many possible applications but it seems as though "store of Value" has naturally taken the lead. This actually hinders it as a currency because lets be honest who would pay for groceries with Bitcoin rather than fiat when saving Bitcoin keeps accumulating value. This is nothing new though, Silver has been much more commonly used than Gold for instance as a day to day currency with Gold being more a store of value kept in a vault for a rainy day. One thing is certain, MATHEMATICS DOES NOT LIE , therefore Bitcoin is the greatest store of value in human history and anyone who cares about protecting their wealth long term is insane (Peter Schiff) if they don't hold even a little! Upvoted 🙏🏻

many thanks - i agree

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