Analyst: Most of the value added by blockchain and cryptocurrency comes from value storage rather than utility

On June 8, cryptocurrency analyst Willy Woo responded to Twitter’s questioning that “cryptocurrency is just speculative and has no real utility” on Twitter. The core function of Bitcoin is value storage, while speculation is SoV (value storage). basis. If you buy an asset, you need someone to buy it later and want it to be the same or higher. During this time you have stored value for a while. In fact, most of the value added to all blockchains and cryptocurrencies comes from SoV. This is because the utility value is very low (Fisher formula MV = PQ), and no one is actually using these blockchains at any scale.