As the resident bitcoin skeptic at CCN.com, it’s my job to make logical and reasoned arguments against holding bitcoin. Today I argue that bitcoin is not a store of value as some claim, and never will be. It’s not even a hedge.
The concept of a “store of value” means that a given object can be exchanged with another person.
That person must value the thing they are receiving more than the thing they are giving away. The same must be true on the opposite side of the transaction.