Hacker News Reader

Currently buying Bitcoin is a very similar risk profile to buying stock of Facebook, where the value is highly correlated to the network effect, so even as a store of value Bitcoin doesn't work very well because of volatility, we will have to wait what current or future cryptocurrency develops a similar behavior to fiat currencies.

View on HN

Who do you think you're kidding? It works exceptionally well as a store of value, regardless of volatility. It is approaching an increase of value of 100x in three years.

It worked wonderfully as an speculative investment and that correlates to working as a store of value there's a subtle diference.

Only if you don't like recognising a store of value when you see one.

Reply on news.ycombinator.com