It's true that the Overstock transaction itself doesn't create new demand. But it may bring new users who buy/hold BTC, if they see it as a useful store of value or just for convenience sake to make future purchases.…
If you believe that overstock will lead to increased demand for BTC (perhaps not due solely to overstock but a wave of merchants who follow suit) and that the demand outpaces BTC's inflation (i.e. the ~3600BTC mined…
I would describe #3 more generally by saying that holding BTC creates an opportunity cost, unique to each person's circumstances. Some more reasons: 4. Lower transaction cost (especially for international transactions)…
It's true that the Overstock transaction itself doesn't create new demand. But it may bring new users who buy/hold BTC, if they see it as a useful store of value or just for convenience sake to make future purchases.…
If you believe that overstock will lead to increased demand for BTC (perhaps not due solely to overstock but a wave of merchants who follow suit) and that the demand outpaces BTC's inflation (i.e. the ~3600BTC mined…
I would describe #3 more generally by saying that holding BTC creates an opportunity cost, unique to each person's circumstances. Some more reasons: 4. Lower transaction cost (especially for international transactions)…