Have you traded your savings account today, degen?
Andy Edstrom on What Bitcoin Did disagreed with the idea that Bitcoin is a "savings account" a couple of days ago, Doc. He said it is an investment, not savings.
His argument is that we expect savings to retain their purchasing power at least over the short to medium term. So Bitcoin - which can easily drop 30-40% in price within days - is not (yet) savings, but it is an investment that we expect to grow in purchasing power over the longer term.
I think he has a point.
His argument is that we expect savings to retain their purchasing power at least over the short to medium term. So Bitcoin - which can easily drop 30-40% in price within days - is not (yet) savings, but it is an investment that we expect to grow in purchasing power over the longer term.
I think he has a point.