Bitcoin like most cryptocurrencies is very volatile, it can be 100k a coin a day and next month it's 60k, and then hope that it reaches that buy value again and it could never reach it again.
Why people say BTC is a store of value?
byu/Delicious_Crazy513 inCryptoMarkets
Posted by Delicious_Crazy513
4 Comments
They don’t say it’s a very stable store of value.
Zoom out on a 15-year graph vs any fiat currency and look at the long-term trend-line my friend. Your perspective is entirely short-term in nature.
They say it because BTC is basically backed by energy and is resistant to censorship and control. This freedom comes at a price, and the price is volatility.
Once the rewards per block becomes much less it will become more stable
In some countries with high inflation Bitcoin only goes up compared to their currencies and it’s an excellent store of value for them