Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer

[newshunter]

Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer

Experts in blockchain technology and crypto take on the question of Bitcoin’s path throughout the year 2020.

Source: Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer

Would appreciate your opinion about this

[TomPluz]

I am considering the year 2020 as a big year for Bitcoin as there had been so many developments that pushed the value of the coin to the stratosphere, and we are still feeling the positive effects of those factors right now in the start of 2021. As to the question of Bitcoin as a store of value, I think that there is already no question on that. What Bitcoin lacks is actually the acceptance of it in the field as a medium of payment, as a real currency. Nevertheless, just like the real gold, people and many institutions are now relying on it as a safe and growing asset haven.

[Galaxy]

The use of blockchain technology is currently one step ahead. Bitcoin transactions are benefiting a lot of people. Big companies around the world are benefiting from using Bitcoin. So most companies accept bitcoin. Top investors use Bitcoin. Bitcoin is expected to have the highest improvement in 2021.

[codehash]

Proved this with its price performance. He proved this in his comparison with the store of value. Bitcoin has proven to be a store of value in all circumstances. I don't care what the experts say. The data are clear and concise. 

[Froggy]

BTC has an impressive year, all thanks to institutional investors seeing massive potential and upside in BTC. Largely as a result of being able to buy such large quantities of BTC production that they can skew the supply and demand ratio in their favor. Last month we saw that more BTC was bought up by investment groups than were actually produced and that trend seems to potentially continue.