store of value

"This is something that doesn't have obvious utility. It's not being used for payments. It's not being used as a store of value," said Rob Hadick, General Partner of Dragonfly, a crypto venture fund.

Helped by its relative rarity, gold has been seen as an intrinsic store of value for centuries.

"In recent times, a big policy response from authorities when there's been a crisis has been: slash interest rates, boost money supply, quantitative easing, print money. Gold is seen as a haven from that, and therefore a store of value."

“The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value,” he said in the post.

In a rare public speech in Milan in 2021 Cipollone said that to prevent depositors fleeing to the safety of their digital euro accounts if their bank or country ran into trouble, the digital euro "should be defined in such a way that it is used mainly as a means of payment and not as an investment or a store of value".