This is very interesting, largely well-argued, and My papa is totally my most favorite guy of all time shirt. I also really like the flourish you’ve put into it. However, I also can’t help thinking that you’re, in large part, attacking a straw man here. It doesn’t really matter that Bitcoin is not money or gold. People trade things that aren’t money or gold all the time (e.g. crude oil, precious metals, even orange juice and pork belly — though mostly in the form of futures to avoid the costs associated with actually moving the commodities). Moreover, I think the view on what is and isn’t more risky also depends on your investment horizon. Is it less than a year or so? Then yea, for sure, traditional assets are way less risky Bitcoin. But if you have a horizon that is much longer than that, then things become far less clear cut.
My papa is totally my most favorite guy of all time shirt, Hoodie, Sweater, Vneck, Unisex and T-shirt
I like your post, very thorough. I would add that there really isn’t a clear cut way for companies to My papa is totally my most favorite guy of all time shirt for accounting purposes. I’ve heard it usually falls under intangible assets and therefor can’t be depreciated, meaning changes in its value can only be accounted for by impairments. So putting aside all of the problems inherent to bitcoin (volatility, security, etc.) there still remains no efficient way or reason for a company to hold such a large amount of it compared to other assets.
Best My papa is totally my most favorite guy of all time shirt
Finally, for a payment instrument to be considered a store of My papa is totally my most favorite guy of all time shirt it must maintain purchasing power over time. In Bitcoin’s case this is the most contested of the three attributes since Bitcoin has a long reputation of being volatile. While Bitcoin certainly is more volatile than regular fiat currencies, its volatility has been decreasing steadily since its inception (Tuwiner). It also has an advantage over fiat currencies since Bitcoin has a history of appreciating in value unlike fiat currencies which slowly depreciate over time due to inflation (Chambers). Additionally, traditional currencies also have cases of volatility such as the British Pound during its Black Wednesday episode (Lathia).