Not exact matches
Gold is often regarded as the ultimate «
store of
value» and the only true insurance
against political instability and inflation.
In addition to being a
store of
value, precious metals are insurance
against a number of potentially disastrous scenarios: financial crashes, civil wars, political unrests, and other crises.
But since bitcoin has become a
store of
value as a hedge
against a falling yuan, the «digital gold» currency could continue on its upwards trajectory.
By
storing its surplus export revenues in Treasury bonds, South Korea nudges up the relative
value of the dollar
against our competitors» currencies, and our trade deficit increases, even though the original transaction had nothing to do with the United States.
You know also that's I think another driver for the whole Cryptocurrency space is that if Cryptocurrency is perceived as something that is a
store of
value based on scarcity, then it becomes an attractive hedge
against inflation.
But even more importantly, aside from being a long - term
store of
value, gold is a hedge — a form of money that acts as an insurance policy
against a dangerously overleveraged financial system.
The yellow metal is considered the ultimate hedge
against market volatility and disaster thanks to its
store of
value and precious nature.
I especially like the «gold is a
store of
value, not a hedge
against inflation» responses.
While gold was washed out during the Great Depression once global economies abandoned the gold standard, today it provides a
store of
value against risks of both inflation and deflation.
Bitcoin on the other hand is the most radically inclusive
store of
value on the planet and possibly the best hedge
against global economic uncertainty and if you don't have any at all, you most definitely do not have a swiss bank account in your pocket.
«Labour Hour tokens are also a great
store of
value and hedge
against inflation, since hourly wages tend to rise in line with or above inflation.
But since bitcoin has become a
store of
value as a hedge
against a falling yuan, the «digital gold» currency could continue on its upwards trajectory.
Samani wrote that, «the OGs believe in Bitcoin as digital cash and not as gold, and they're sick of core» while referring to Bitcoin core developers who had made the general mass believe that Bitcoin should mainly be used as a
store of
value and that Bitcoin blockchain should not be used in processing bitcoin transactions which needs to be earmarked
against the topmost layer.
Most of those people were ideologically
against bigger blocks and preferred Bitcoin to be optimized as a
store of
value.
Bitcoin was introduced to operate as its own economy,
store of
value, and digital currency, competing
against assets like gold and reserve currencies such as the US dollar.
Bitcoin has already smashed up
against some serious barriers on the road to becoming recognized as less of a
store of
value and more of a «currency.»
The argument
against bitcoin being a
store of
value is based on its volatility, as «you want to invest your money and be reasonably sure that its
value will not fluctuate massively.»
He said, «This thing has the potential to be comparable to the
value of gold... This is a fantastic hedge and
store of
value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly»