LogicallyMinded on Nostr: Is #Bitcoin a good store of value? Store of value can be ranked according to the six ...

Is #Bitcoin a good store of value? Store of value can be ranked according to the six following properties:

- Scarcity: yes, Bitcoin has hard-coded scarcity.
- Stability: stability increases after each cycles but overall, Bitcoin isn’t a stable asset. You can’t buy bitcoin at any time and expect its value to remain around the same level relative to an index tracking inflation.
- Durability: yes, although hack and key mismanagement presents a risk of loss.
- Portability: great portability.
- Divisibility: yes, but currently fixed and hard-coded. May require to be updated as prices keep on rising.
- Acceptability: good but not as good as fiat currencies within a country of acceptance. Also this property is being challenged by AML/KYC procedures.