A hard money provides the function of having constant savings. Thus, it is between a fiat money and an investment:
A fiat money is stable but declines in value
A hard money is stable and is constant in value
An investment is volatile but goes up in value
It's sandwiched in between. The less volatile markets become, the more surplus budget money to invest people have the less there is a need for savings.
Bitcoin is a hard and decentralized money.
A hard money provides the function of having constant savings. Thus, it is between a fiat money and an investment:
It's sandwiched in between. The less volatile markets become, the more surplus budget money to invest people have the less there is a need for savings.