SOV

Store Of Value

      SOV is the acronym for Store-0f-Value. 

      Store-of-Value is one of the 3 core properties of monetary assets. A store of value is an asset that is able to retain or grow in value over time and acts as a means to hedge against global economic/political uncertainties. In order to be considered a money the object must be:
  1) Medium of exchange
  2) Unit of Account
  3) Store of Value
 
     However, the current economic world is imperfect and the monies that do exist typically do not satisfy all three properties;

     Fiat currency is horrible store of value because it is susceptible to inflation and thus devalues on a consistent basis. Gold is much better store of value but a terrible medium of exchange. Bitcoin is an incredible store of value, medium of exchange, & unit of account.

Fiat -2           Medium of Exchange & Unit of account
Gold – 2        Unit of Account & Store of Value
Bitcoin – 3    Medium of Exchange, Unit of Account, & Store of Value.

      Resources

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