The Store of Value debate - Are cryptocoins a store of value?

Is Bitcoin a Store of Value?  Here is a debate that doesn't need an answer but maybe an explanation instead.

What is a store of value?  A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. More generally, a store of value is anything that retains purchasing power into the future.  Some examples of a Store of Value include: money, currency, commodity (gold or metals), cryptocurrency, or financial capital.

By definition, YES, cryptocurrencies are a store of value and in fact they have fared much better than many fiat currencies and commodities around the world. 

Why do we care if it a store of value or not? Aside for scholarly reasons and emotional jealousy, the pessimist need to continually re-define the definition of the store of value because they cannot understand or accept this technology.

The more important question we need to ask is the following:  What are the best cryptocurrencies we can use as a store of value?  That will be the topic of my next blog.

-war