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If the fiat value of P.Ms. crash then you still have your P.Ms....

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20/07/21

18:49

Post #: 54639300
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Originally posted by aldo: ↑

One of the ongoing sources of irritation for me is when crypto (mainly Bitcoin) is referred to as a store of value. Bitcoin just dipped below $30k usd when, only 2 months ago, it was trading at $60k.
If that is what constitutes a modern "store of value" then I am really glad that I am old school. I very much agree with @tennisTorr about money moving into P.Ms.
If crypto crashes hard, you will be left holding a few electrons which give you access to part of a bloc chain.
If the fiat value of P.Ms. crash then you still have your P.Ms. which will have maintained relative value regardless of price.
The only true gauge for what is money is the test of time.

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If the fiat value of P.Ms. crash then you still have your P.Ms. which will have maintained relative value regardless of price.
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Relative value to what?
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