Add as a preferred source on GoogleAmmous Says Holding Bitcoin Counts as Monetary Use
He treats ownership as part of Bitcoin’s monetary role. Economist Lawrence H. White argues fixed supply can contribute to price swings that hinder routine exchange.
Saifedean Ammous argues that holding Bitcoin (BTC) counts as using money because monetary use includes storing value, even when an asset is not used for everyday purchases.
Ammous’s view centers on Bitcoin’s role as a store of value. Economist Lawrence H. White has argued that Bitcoin’s fixed supply contributes to price volatility and makes it less reliable for routine exchange.
Ammous expects Bitcoin’s volatility to decline as its market grows. He also expects Bitcoin could eventually surpass gold in market capitalization.
Sonny Jang
ReporterSonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to info@tokenpost.com.