kaal:claim:3606663-020

Bitcoin functions as a medium of exchange for a number of businesses but arguably fails as a store of value and as a unit of account, because of its volatility and its lack of intrinsic value.

Source quote, verbatim

but it arguably fails as a store of value and as a unit of account because of its volatility and lack of intrinsic value.

From

Kaal, Digital Asset Market Evolution (2020), 1. Market Volatility, p. 29
https://ssrn.com/abstract=3606663 · source PDF

Cite as

Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

Holds when

Bitcoin as evaluated against the three classical money functions

Classification

failuresupport: arguedfailure: bitcoin fails the store of value and unit of account testsfamily: valuation-and-pricing-failuretokenomicseconomics

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