The crypto world at the moment boils up in discussions. Either on the effects of Coronavirus on Bitcoin, the implications of the Halving of BTC, or if there should be a panic button in the exchanges. However, a debate that never seems to come to an end is the question if Bitcoin is a store of value. Now therefore, the analyst Samson Mow ensures that BTC is the only way to protect value in the Tweet of the day:
It’s funny there are people still saying Bitcoin doesn’t work as a store of value. #Bitcoin is the ONLY way to store value reliably in this world. It’s the only asset that can’t be seized or manipulated. Short term volatility shouldn’t be confused with inability to store value.— Samson Mow (@Excellion) April 24, 2020
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Samson Mow defends Bitcoin
How is Bitcoin an asset store of value? This is a question that has vexed analysts of the crypto world for the last few years. With a part, arguing that in fact yes, the criptomoneda is the refuge of value in the future. While others ask you to stop asking BTC something for which it was not designed. And that the crypto community to focus on developing it as a replacement for the fiat money. However, after the collapse in the price of Bitcoin due to the Coronavirus on the 12th day of march, it seemed that the debate had been finally resolved. Therefore, if the criptomoneda was not able to maintain its value in the midst of a crisis like the COVID-19, it was clear that not behaved as a safe haven for value. Despite the fall of the 12-M, Samson Mow ensures that Bitcoin is the only haven of value. Source: CoinDesk What, however, has not prevented advocates of Bitcoin as an asset (store of value, continue to finding arguments to defend your position. Being the last of them, Samson Mow, who says that Bitcoin is the only way to protect value with security: “It’s funny that people keep saying that Bitcoin does not work as a refuge of value. Bitcoin is the ONLY way to protect value in a reliable way in this world. It is the only asset that cannot be seized or tampered with. The short-term volatility should not be confused with the inability to store value.“ So, Samson Mow demonstrates that trust in the ability of the criptomoneda to avoid manipulations which can be seen under the fiat money. So, it seems that the reality will have the last word in the debate on the status of the Bitcoin as a safe haven of value.