Bitcoin News

Story: Bitcoin (BTC) Is More of a Store of Value Asset than Just a Currency

By Dan Saada

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Reportedly, it is very obvious that rich investors and banks are getting in to action with Bitcoin.

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“It’s too much risk for banks to put Bitcoin in the portfolio, that’s generally the reason.”

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PayPal is now permitting the use of the 11-year-old Bitcoin.  The volatility risk is still there.

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And, all these just convey that BTC is getting wider acceptance.  Several investors are beginning to believe in that BTC will shake the financial world.

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Wealthy investment portfolios are beginning to add BTC and it is gaining reputation as a new asset class among those who have the capacity to invest big.

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With the price rising, and confidence on BTC building newbies are choosing to HODL.  However, analysts have to state that a meltdown is very near.

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People are wondering about high big the chances are for the future improvement in the price of BTC.

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Worthy to note, Mark Cuban stated, “But, the entire time, I said it was a store of value where, if you could get people to believe that it was a better alternative than gold,…

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Reportedly, about 60% of Mark Cuban’s cryptocurrency holdings are in Bitcoin (BTC). While he holds BTC and ETH, he believes that BTC is a better store of value asset and ETH is…

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Mark Cuban has been repeatedly stating that BTC was more than just a currency, but a store of value asset.

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He also expressed that he is very sure of Bitcoin’s superiority to gold as a better store of value asset, and that he would never sell it for anything. 

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Also, MicroStrategy reported to have owned 91,326 Bitcoin that they bought for $2.21 billion have a stash worth now of more than $5 billion.

The Currency Analytics

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