“Why Bitcoin Will Fail as a Currency” – The Calculating Investor | $14.01

Last updated on January 2nd, 2018 at 12:00 am

Although I think that Bitcoin is ingenious and fascinating in many ways, I don’t believe that it will succeed as a currency. The problem is that a Bitcoin is unlikely to ever be a good store of value (a primary function of any widely accepted currency) because the (eventually) fixed money supply will cause the purchasing power of a Bitcoin to be extremely volatile.


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