But why are people so concerned about this whole currency depreciation thing?
Only idiots keep their money under the mattress.
Anyone with sense has their money invested in assets.
I honestly don't get the big deal.
If you want to hold on to your money for whatever reason, you should be able to do that too, right? Many people in the world don't have access to banking services, let alone investment services. In many cases, people with smaller net worths don't necessarily know or understand how these assets work and are easily taken advantage of by "investment advisors".
If you're in a first world country making a good amount of income and have access to financial markets easily, you might not necessarily see the use case as clearly.
I guess it comes down to: if you understand the markets well and can invest in them to generate a good return, more power to you. That's not the case for everyone, so if you want to hold on to your money for whatever reason, you should be able to protect yourself against endless money printing.
Why?
And what does it even mean to hold value?
Money only has value because of the constant cash flowing in the economy. So you can buy stuff for money.
If people all their money in bitcoin there would be no economy and nothing of value you can buy, do bitcoin then still hold it's value?
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In general, gold might be more tangible and accessible than bitcoin.
Gold is physical, has no place as a store of value in a digital world in my opinion. You can't transfer it as easily, securing it requires people and storage, you can't divide into very small parts to trade with, etc.
If you want to guard against inflation gold certainly seems better than BTC.
If you want to transact online with ease an account with fiat currency and a VISA credit card is usually the best.
Just pick the right tool for the job.
how dare you judge people like that. not everyone has time.or whatever to.study investing in assets. not everyone has the mindset to actually do it.
you should seriously evaluate your view of the world bubble boy
Economists may be wrong, of course (a lot of times it seems that their math models are pretty crude), but no theory seems to support that keeping your wealth locked away is good for the society. (I deliberately didn't say economy, because optimizing for economic growth alone can indeed hurt the society if we don't channel all the important aspects in somehow. Think global warming.)