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Bitcoin Could Be Better Store of Value Than Dollar, Says Singapore’s Largest Bank
Summary: Singapore’s largest bank, DBS, may favor Bitcoin over the US dollar as a store of value. The Chief Investment Office at DBS recently published a note to investors which makes a case for Bitcoin as a more effective store-of-value asset than US-based fiat. Within its evaluation, DBS notes that Bitcoin’s decentralized nature and its limited ...
Singapore’s largest bank, DBS, may favor Bitcoin over the US dollar as a store of value. The Chief Investment Office at DBS recently published a note to investors which makes a case for Bitcoin as a more effective store-of-value asset than US-based fiat.
Within its evaluation, DBS notes that Bitcoin’s decentralized nature and its limited supply work together to make Bitcoin a strong store-of-value option for investors. The team points out that because of its scarce supply Bitcoin is more aptly described as a crypto-commodity, and one that is easily transferable at that.
By Amy Liu
Tags: Bitcoin,DBS,Dollar,Singapore
Link: Bitcoin Could Be Better Store of Value Than Dollar, Says Singapore’s Largest Bank [Copy]
