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Hermann Vivier, founder of Bitcoin Ekasi — a project building a bitcoin circular economy — argues that a "fundamental clash" exists between $BTC's growing institutionalization and the currency's foundational design.
At the center of his argument is a challenge to one of the most repeated claims in the asset class: that bitcoin's worth as a store of value can be separated from its use as a medium of exchange.
The Clash Vivier Is Pointing To Vivier's position draws a direct line between two roles bitcoin is supposed to play — storing wealth and facilitating transactions — and argues they cannot be decoupled.
The store-of-value narrative, in his framing, does not stand independently. It is downstream of actual usage. If $BTC is held but rarely spent, the foundation of that value proposition weakens rather than strengthens.
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