Well, it is a currency and a store of value just like anything else. Take gold for instance, it is "just" a way to store your currency outside of the fiat system. Now with that being said, anything can do this as long as everyone has faith in that item. I mean what is the dollar? It's a fiat currency and beyond that a debt note. Really it's a piece of paper with a number and a dead guy on it. Put a one dollar bill next to a hundred and they're the same size only a different number and face but it's backed by the faith people put in it.... oh and the US military ;) So should bitcoin be a store of value or a currency? Well ,IMO, it is both and should be both. Can you really have one without the other? People in other countries want the US dollar because it buys so much more than their fiat paper. A better store of value for them if they bought with their fiat at a time when it was cheaper to do so. If I had to choose one I'd choose store of value over currency as there are plenty of currencies out there to use and at some point they all fail. The life span on currencies is around 40 years so the $dolla$ dolla$ bill is over due. I like the idea of both but if I had to choose one the store of value should at the very least protect one's wealth and when they need the currency of the day they'll sell the store of value to use that currency.......... so for me "Store of value." Thank you. Enjoyed commenting.
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Thanks for adding your thoughts!