One purpose of Bitcoin could be to serve as a universal placeholder for storing value, a standard that is consistent across the planet for comparing and determining the worth of things. Right now, there is no global standard for valuing any other asset. Each asset carries its own limitations: the value of land depends on location, scarcity, fertility, and countless other factors; the value of stocks or the stock market depends on company performance, interest rates, and money supply. Cash is no longer pegged to an asset like gold (in most countries), so its supply fluctuates and so does its value.

Bitcoin fixes this. Its value is determined by the free market like any other asset, but it avoids the specific limitations that weigh down other assets. It is pure money and nothing else. Bitcoin could become a global standard of value, a baseline where you can compare Bitcoin prices (in any fiat currency) from 20 years ago to today, or compare the prices of goods across countries.

It can be the real money.

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