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"It's not digital currency. It's digital property.... The compelling use case is capital preservation for everyone in the world.... Medium of exchange is only worth a trillion dollars. Store of value is worth a hundred trillion dollars. #Bitcoin is going to embraced as property. It doesn't have to be a currency. Nobody's trying to buy a cup of coffee with a fraction of their building on 5th Avenue.... But every rich person I know owns property in London or New York City or somewhere, and none of them complain about not being able to spend their building as a medium of exchange. The killer application is capital preservation for everybody. The store of value is the killer use case. Medium of exchange is a distraction."

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BitLo 1y ago

Eventually Bitcoin will become a medium of exchange but not on the base layer. The fees to move BTC in the future will be sooo much higher than they are now.

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