Youโve probably heard that #Bitcoin is not a store of value because its price is so volatile.
That couldnโt be farther from the truth.
Hereโs why:
Bitcoin's role as a store of value is not rooted in its fiat price, but ๐ช๐ฏ ๐ช๐ต๐ด ๐ช๐ฏ๐ฉ๐ฆ๐ณ๐ฆ๐ฏ๐ต ๐ฒ๐ถ๐ข๐ญ๐ช๐ต๐ช๐ฆ๐ด, such as absolute scarcity, decentralization, immutability, unconfiscatability, and censorship resistance. Bitcoinโs price, whether going up or down, is ๐บ๐ฒ๐ฟ๐ฒ๐น๐ ๐ฎ ๐ฟ๐ฒ๐ณ๐น๐ฒ๐ฐ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐โ๐ ๐ฒ๐๐ฒ๐ฟ-๐ฐ๐ต๐ฎ๐ป๐ด๐ถ๐ป๐ด ๐ฝ๐ฒ๐ฟ๐ฐ๐ฒ๐ฝ๐๐ถ๐ผ๐ป๐.
The claim that Bitcoin is a poor store of value relies on the ๐ณ๐น๐ฎ๐๐ฒ๐ฑ ๐ฝ๐ฟ๐ฒ๐บ๐ถ๐๐ฒ that fiat currency represents stable value. Everything we know about fiat currencies, however, from their centralized control to the rising prices of goods and services denominated in them, tell us that fiat is one of the ๐ธ๐ฐ๐ณ๐ด๐ต ways to measure value.
With Bitcoin, ๐๐ผ๐ ๐ธ๐ป๐ผ๐ ๐๐ต๐ฎ๐ ๐๐ต๐ฎ๐๐ฒ๐๐ฒ๐ฟ ๐ฎ๐บ๐ผ๐๐ป๐ ๐๐ผ๐ ๐ต๐ผ๐น๐ฑ ๐ถ๐ ๐๐ต๐ฒ ๐ป๐๐บ๐ฒ๐ฟ๐ฎ๐๐ผ๐ฟ ๐ผ๐๐ฒ๐ฟ ๐ฎ ๐ณ๐ถ๐ ๐ฒ๐ฑ ๐ฑ๐ฒ๐ป๐ผ๐บ๐ถ๐ป๐ฎ๐๐ผ๐ฟ ๐ผ๐ณ ๐ท๐๐๐ ๐๐ป๐ฑ๐ฒ๐ฟ ๐ฎ๐ญ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป. This scarcity ensures the the relation of your bitcoin to the total supply remains preserved over time, independent of anything else.
๐บ๐ฐ๐ถ ๐ฌ๐ฏ๐ฐ๐ธ ๐ต๐ฉ๐ข๐ต ๐ธ๐ฉ๐ข๐ต๐ฆ๐ท๐ฆ๐ณ ๐ข๐ฎ๐ฐ๐ถ๐ฏ๐ต ๐บ๐ฐ๐ถ ๐ฉ๐ฐ๐ญ๐ฅ ๐ช๐ด ๐ต๐ฉ๐ฆ ๐ฏ๐ถ๐ฎ๐ฆ๐ณ๐ข๐ต๐ฐ๐ณ ๐ฐ๐ท๐ฆ๐ณ ๐ข ๐ง๐ช๐น๐ฆ๐ฅ ๐ฅ๐ฆ๐ฏ๐ฐ๐ฎ๐ช๐ฏ๐ข๐ต๐ฐ๐ณ ๐ฐ๐ง ๐ซ๐ถ๐ด๐ต ๐ถ๐ฏ๐ฅ๐ฆ๐ณ 21 ๐ฎ๐ช๐ญ๐ญ๐ช๐ฐ๐ฏ. The real measure of Bitcoin's worth lies in its reliability in performing its core functions as money that you can truly own and transact with anywhere in the world, without fear of debasement or censorship.
๐ฉ๐ฎ๐น๐๐ฒ ๐ถ๐ ๐ฎ๐น๐๐ฎ๐๐ ๐ฑ๐ฒ๐ฟ๐ถ๐๐ฒ๐ฑ ๐ณ๐ฟ๐ผ๐บ ๐ต๐ผ๐ ๐๐ฒ๐น๐น ๐๐ผ๐บ๐ฒ๐๐ต๐ถ๐ป๐ด ๐ณ๐๐น๐ณ๐ถ๐น๐น๐ ๐๐ต๐ฒ ๐ฑ๐ฒ๐๐ถ๐ฟ๐ฒ๐ ๐ผ๐ณ ๐๐ต๐ผ๐๐ฒ ๐๐ต๐ผ ๐ฐ๐ต๐ผ๐ผ๐๐ฒ ๐๐ผ ๐๐๐ฒ ๐ถ๐, and Bitcoin fulfills what everyone wants for their money better than ๐ข๐ฏ๐บ๐ต๐ฉ๐ช๐ฏ๐จ else.
Give this a ๐๐ถ๐ธ๐ฒ๐ค, and ๐๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐ it for later, so you can ๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ it with anyone who says that Bitcoinโs fiat volatility somehow makes it a poor store of value.
And let me know in the ๐๐ผ๐บ๐บ๐ฒ๐ป๐๐โฌ๏ธ if I missed anything in my explanation.