Is Bitcoin A Bad Store Of Value?

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In this video, I discuss whether Bitcoin is a bad store of value, by comparing it to other traditional stores of value like gold, stocks, and real estate.

A store of value is a way of preserving your purchasing power (inflation hedge) over long periods of time.

A store of value is NOT:
1) a hedge against falling stock prices or a recession
2) a hedge against Fed tightening
3) a short-term inflation hedge
4) an asset whose fiat price does not move much

Stores of value can be volatile over the short term. Even gold (a 5,000-year widely accepted store of value) fell 34% in the Great Financial Crisis.

There is no asset in the world that preserves purchasing power over long periods of time and has low or zero volatility. US dollars are not very volatile over short periods of time, but do not preserve purchasing power over longer periods of time.

Gold itself has been a poor store of value over the past 10 years of Fed money printing. There is a good chance that it is currently being demonetized by Bitcoin, which does everything that gold can do, only better.

If we follow Bitcoin's 200-week simple moving average, we can see that it is behaving like an emerging store of value. Once it becomes a globally accepted store of value, it will be priced in the millions of US dollars.

Not investment advice! Consult a financial advisor.

Falling USD purchasing power:
https://miro.medium.com/max/1400/1*sOQTah1_k0V2ldtIWx-n2w.png

Fed balance sheet over time:
https://fred.stlouisfed.org/series/WALCL

Fed funds rates over time:
https://fred.stlouisfed.org/series/FEDFUNDS

Peter Schiff always wrong:
https://pbs.twimg.com/media/EutrLxGVkAApYB9.jpg

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#bitcoin
#gold
#storeofvalue

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