This argument of currency over asset, or store of value, has raged on for some time now with a few strong factions forming. There are those who believe that Bitcoin, like the whitepaper says, is a currency and should be liquid enough and functional enough.
Then there are those who believe that Bitcoin is dead and Bitcoin Cash is the new Bitcoin, as it functions like a currency.
There are those who are calling Bitcoin digital gold and backing it as a new asset class for investors to store and profit from.
Cameron Winklevoss, Bitcoin’s first recognised Bitcoin billionaire with his twin brother, said recently:
"We've always felt that Bitcoin, given its properties, is gold 2.0 — it disrupts gold. Gold is scarce, Bitcoin is actually fixed.”
Either or, asset or currency, Bitcoin offers the man in the street a lot more power than he used to have when it comes to any form of financial movement. Investing or spending, with Bitcoin people are set free.
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