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BrackenJanuary 2 2018

Is Bitcoin evolving into a store of value?

Bitcoin founder Satoshi Nakamoto originally suggested it as a peer-to-peer form of electronic cash. But as the cryptocurrency gains credibility as an asset class, and demand grows for its use in emerging markets, it is beginning to resemble gold as a store of value, writes Daniele Bianchi. 
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Since the birth of Bitcoin in 2009 there has been one key question that has repeatedly made the headlines and led debates: is Bitcoin a store of value? On the surface, this question seems at odds with what Bitcoin was originally designed for – namely, a peer-to-peer electronic cash system.

As a matter of fact, the original white paper of Bitcoin founder Satoshi Nakamoto does not mention 'value storage' properties but makes a strong case for a purely peer-to-peer version of electronic cash, which allows payments to be sent directly between parties without going through a financial institution.

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