It’s good that a lot of people are starting to realize Bitcoin as a store of value. A noob was asking me if Bitcoin is a store of value and when I gave him a yes as an answer, he said if it was a store of value why then does the price drop.

I brought out my smartphone and opened a Bitcoin chart and showed how the price has been moving for a decade now and told him to imagine if he invested in all those years it definitely would have been a store of value for him and he would have made huge profit as well. At last he had no other option than to agree.

Majority of the people think short term, that’s why they don’t see it as a store of value. If they would look at it for a long time, they will agree.

As the title says, he is the CEO of a company called Abra. I can't say anything negative or positive about the company, but I see that they have been around since 2014 and that they deal with cryptocurrency investment services.

Bitcoin really can’t be considered a safe haven by some people, but for all those who invest long term BTC has proven to be a very good store of value. When I say long-term then I mean a period of at least 5 years, which we can observe in the context of 2010-2015 and 2015-2020, and except for the end of 2017 when only the inexperienced invested, BTC definitely proved above all expectations.

The period in which we live shows that almost nothing is resistant to global disturbances, and that it can lose value in the short term - so if gold that enjoys a great reputation and trust loses 6% in value, what to expect from BTC, which has a very modest market cap and very small user base?

I personally do not trust banks, brokers, stocks, and in the gold market there are large manipulations in the form of fake gold - so BTC is my choice when it comes to store of value.

And now this tweet coming from Bill:



https://twitter.com/billbarhydt/status/1319690483367510016

And the reason according to him?

(a) Fundamentals
(b) Technicals
(c) Sentiments

Abra is well known cryptocurrency wallet that founded by Bill Barhydt. Although, I used it frequently. I am really satisfied when I use that wallet. I think, what he has mentioned is just complementing to bitcoin. We all know that the best cryptocurrency that we can store our value is bitcoin. He just promoting bitcoin to the people because what he markets was listed or in its wallet already. We will more surprise if the founder of BCH do it.