The bitcoin store of value argument, simply put.

The wealthy dont leave money in banks, banks are risky for large sums and carry inflation risk.

The wealthy store their money in mediums like Realestate, Bonds, Rare Art and Gold. The problem with these assets is they either carry default or counterparty risk (Bonds), are highly illiquid and hard to sell (Rare Art), or are hard to transport and geographically restrictive (Realestate and Gold).

Bitcoin simply put is the first asset in human history that the wealthy can park large sums of money in while remaining highly liquid, having zero default or counterparty risk and all while allowing complete and frictionless geographical mobility.

Bitcoin is the best store of value the world has ever seen not because it lacks volatility (Stability will form over time) but because there is zero default risk, zero counterparty risk, while remaining highly liquid and allowing complete geographical mobility.

Bitcoin does everything at once, it fulfills all functions of a perfect store of value, something that has never existed before.

I can envision a day not too far in the future when bitcoin is preferred as a store of value over Realestate, Bonds, Rare Art, Gold and of course bank deposits.

Submitted June 23, 2019 at 09:05PM by slvbtc http://bit.ly/2Kzug4q