Bitcoin, which is the most popular cryptocurrency, most known as a “store of value”. Meaning you can place your money into bitcoin and it can appreciate in value. You use it to hedge against fiat ($1) in case it crashes; like gold. Bitcoin is generally looked at as digital gold in the crypto and blockchain industry.
As for people who are newcomers to this space, they see bitcoin as a stock. You can buy it at a certain price, the price can go up or down and you can sell it for money. From that point of view then yes, you can understand why it’s looked like that due to the similarities of it.
Crypto is a different breed than stocks. There’s a whole philosophical meaning that goes along with it that most people do not understand.
But, that does make me think. Could crypto be all “money” wrapped into one thing?
For example, could bitcoin be a decentralized stock, store of value, and fiat you can transact with?
Some crypto allows you to make money by staking your assets. This is like how stocks pay dividends out to their shareholders for owning shares.
Of course, there are different aspects that these assets operate on but it does have a question in my mind. Could this be the new form of all money and assets in a digital economy?
What are your thoughts?
