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Tag Archives: store of value

Chinese Media: ‘Bitcoin Is A Safe Haven’

Chinese media have reported repeatedly very positive about Bitcoin. This includes private and state-owned media alike. Although it is a very volatile asset, many news agencies mention that Bitcoin has a ‚store of value‘ or ‚safe haven‘ quality. China’s Stance On Cryptocurrencies In the past, China had a skeptical attiture towards Bitcoin and cryptocurrencies in […]

Buying Bitcoin in 2019? – What You Need to Know

  • By Micha Sprick
  • June 19, 2019
  • 4381 Views
  • 1 Comment
Looking Back: Where are we now? With breaking the $6.000 level, Bitcoin left the recent bear market which the media called the “crypto winter”. At around 3500 Bitcoin has formed a bottom for now. This is about where the 200 weekly MA was. A trend line that is important for institutinal investors. Since that time, […]

Bitcoin is not a store of value

There are many definitions of what a store of value is but let’s keep things simple here and let us proceed from this common definition of the term store of value: “A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably […]