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Evaluating Bitcoin as a Store of Value

Altszn.com by Altszn.com
March 15, 2023
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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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