NewsDialy

Bitcoin's Store-of-Value Argument Collapses Without Spending, Says Circular Economy Founder

6/1/2026

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.

Keep reading

Read the full story

Open on NewsDialy