/biz/ - Business & Finance

>>49815055
>Monero never claimed to be a store of value. Monero has a different investment thesis: "Private internet currency". Therefor Monero has a different measure of success. The measurement of success for Monero is how much it's used as a currency. Or how much transactions are done over the Monero blockchain. This is still growing and even reached its ATH a couple of days ago. This shows Monero is growing in adoption and more and more people use it as a currency.

You are absolutely correct, however money IS a store of value, and Monero is money.

A currency is:
>a medium of exchange
>a unit of account
>portable
>divisable
>fungible (interchangeable)

Money is:
>all of the above from currency
>PLUS a store of value

It's just that the narrative for Monero is not directly a store of value, but it absolutely is such due to its properties. You don't immediately spent every money you have, it is stored.