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Evaluating Bitcoin as a Store of Value

Altszn.com by Altszn.com
March 15, 2023
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Evaluating Bitcoin as a Store of Value
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It’s a common question: Is bitcoin (BTC) a store of value? While proponents say, “Yes” without hesitation, skeptics note its historically large drawdowns. And that’s fair. Not long ago, in November 2021, bitcoin reached nearly $70,000 but is now around $20,000. That said, BTC also used to trade below 1 cent so, using just prices, the answer to the initial question is, “It’s hard to tell.”



Read More: www.coindesk.com

Tags: BitcoinBTCEvaluatingstore
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    • bitcoinBitcoin (BTC) $ 109,869.00
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    • tronTRON (TRX) $ 0.276164
    • staked-etherLido Staked Ether (STETH) $ 2,684.90
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    • bitcoin-cashBitcoin Cash (BCH) $ 418.90
    • leo-tokenLEO Token (LEO) $ 8.89
    • hedera-hashgraphHedera (HBAR) $ 0.190318
    • wethWETH (WETH) $ 2,691.40
    • the-open-networkToncoin (TON) $ 3.00
    • litecoinLitecoin (LTC) $ 96.80
    • usdsUSDS (USDS) $ 0.999770
    • moneroMonero (XMR) $ 381.28
    • polkadotPolkadot (DOT) $ 4.56
    • wrapped-eethWrapped eETH (WEETH) $ 2,870.48
    • bitget-tokenBitget Token (BGB) $ 5.36
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • pepePepe (PEPE) $ 0.000014
    • pi-networkPi Network (PI) $ 0.750843
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 109,901.00
    • whitebitWhiteBIT Coin (WBT) $ 31.92
    • aaveAave (AAVE) $ 275.21
    • bittensorBittensor (TAO) $ 453.39
    • uniswapUniswap (UNI) $ 6.53
    • daiDai (DAI) $ 0.999903
    • nearNEAR Protocol (NEAR) $ 2.87
    • aptosAptos (APT) $ 5.43
    • jito-staked-solJito Staked SOL (JITOSOL) $ 214.63
    • okbOKB (OKB) $ 52.36
    • ondo-financeOndo (ONDO) $ 0.962127
    • tokenize-xchangeTokenize Xchange (TKX) $ 37.75
    • crypto-com-chainCronos (CRO) $ 0.098421
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • internet-computerInternet Computer (ICP) $ 5.37
    • ethereum-classicEthereum Classic (ETC) $ 18.83
    • bitcoinBitcoin (BTC) $ 109,869.00
    • ethereumEthereum (ETH) $ 2,688.59
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.34
    • bnbBNB (BNB) $ 689.43
    • solanaSolana (SOL) $ 177.93
    • usd-coinUSDC (USDC) $ 0.999793
    • dogecoinDogecoin (DOGE) $ 0.227842
    • cardanoCardano (ADA) $ 0.765469
    • tronTRON (TRX) $ 0.276164
    • staked-etherLido Staked Ether (STETH) $ 2,684.90
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 109,640.00
    • hyperliquidHyperliquid (HYPE) $ 37.02
    • suiSui (SUI) $ 3.71
    • wrapped-stethWrapped stETH (WSTETH) $ 3,243.03
    • chainlinkChainlink (LINK) $ 15.97
    • avalanche-2Avalanche (AVAX) $ 23.45
    • stellarStellar (XLM) $ 0.289643
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • bitcoin-cashBitcoin Cash (BCH) $ 418.90
    • leo-tokenLEO Token (LEO) $ 8.89
    • hedera-hashgraphHedera (HBAR) $ 0.190318
    • wethWETH (WETH) $ 2,691.40
    • the-open-networkToncoin (TON) $ 3.00
    • litecoinLitecoin (LTC) $ 96.80
    • usdsUSDS (USDS) $ 0.999770
    • moneroMonero (XMR) $ 381.28
    • polkadotPolkadot (DOT) $ 4.56
    • wrapped-eethWrapped eETH (WEETH) $ 2,870.48
    • bitget-tokenBitget Token (BGB) $ 5.36
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • pepePepe (PEPE) $ 0.000014
    • pi-networkPi Network (PI) $ 0.750843
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 109,901.00
    • whitebitWhiteBIT Coin (WBT) $ 31.92
    • aaveAave (AAVE) $ 275.21
    • bittensorBittensor (TAO) $ 453.39
    • uniswapUniswap (UNI) $ 6.53
    • daiDai (DAI) $ 0.999903
    • nearNEAR Protocol (NEAR) $ 2.87
    • aptosAptos (APT) $ 5.43
    • jito-staked-solJito Staked SOL (JITOSOL) $ 214.63
    • okbOKB (OKB) $ 52.36
    • ondo-financeOndo (ONDO) $ 0.962127
    • tokenize-xchangeTokenize Xchange (TKX) $ 37.75
    • crypto-com-chainCronos (CRO) $ 0.098421
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • internet-computerInternet Computer (ICP) $ 5.37
    • ethereum-classicEthereum Classic (ETC) $ 18.83