Hermann Vivier Discusses Bitcoin's Store-of-Value and Medium-of-Exchange Dynamics
Hermann Vivier, founder of Bitcoin Ekasi, has articulated a perspective on Bitcoin's fundamental characteristics. He suggests a 'fundamental clash' exists between Bitcoin's core principles and institutionalization. Vivier emphasized that Bitcoin's narrative as a store of value is inextricably linked to its practical utility as a medium of exchange, implying that one cannot exist without the other.
Hermann Vivier, the founder of Bitcoin Ekasi, has highlighted a perceived 'fundamental clash' inherent to Bitcoin's relationship with institutionalization.
Vivier further elaborated on his view, stressing that the concept of Bitcoin functioning as a store of value is not sustainable or credible without its corresponding use as a medium of exchange. This perspective underscores the interconnectedness of these two primary functions of Bitcoin.
His remarks suggest that for Bitcoin's value proposition to remain intact, its practical application in daily transactions is crucial. This active usage, according to Vivier, underpins and validates its role as a long-term store of value.
(Source: The Block Crypto)
