Ethereum as a store of value
I'm wondering how people see Ethereum as a store of value when the currency isn't hardcapped like Bitcoin is. How does Ether have value beyond just using it as gas for the network and as a utility token for certain Dapps? I'm not looking for investment advice, I'm just looking to understand why people would buy and hold Ether given those circumstances and its unclear monetary policy.
Hi Ben, To be considered a store of value, any asset or object must be portable, durable, divisible and interchangeable along with a established history. Since ether exhibits those traits, topping it off with its value reliant on the extensive use of ethereum as a dapp development platform, investors see it as a meaningful crypto that is likely to strive and grow over time. As for monetary policy and uncapped supply, Ethereum 2.0 is preparing to adopt a fee-burn model that will burn a certain amount of the staked ether, thereby reducing the overall supply of it, hence making it scarcer eventually.
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