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Argument aginst BTC as store of value

Interesting argument against Bitcoin as a store of value and exchange asset.


Fama says that the market has not yet figured out that Bitcoin has no value, and warns that the benchmark crypto asset will eventually crash. . .


“Long term, it can’t be a store of value unless there’s something that gives it value that isn’t just people who are willing to hold it. It has to have something in it intrinsically useful to make people willing to hold very long. If it’s just because people think it is a store of value, that’s going to blow up at some point.”




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