Japan takes its first plunge into Bitcoin backed bonds. This represents a move towards establishing Bitcoin as a secure store-of-value. Japan’s new bond currently holds the equivalent of $900,000. Such new bonds will help stabilize the price of Bitcoin, making it slightly less volatile and will also shorten supply as more Bitcoin will be stored long term and treated more as a store-of-value rather than a transfer-of-value, driving the value north.
Our opinion is that with time, Bitcoin will be treated more as a store-of-value, whereas Bitcoin Cash will be used as a gateway for cheap and efficient transactions.
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