"The "store of value" argument is also nonsense. It is an incredibly volatile asset - you could purchase a Bitcoin today and lose 10% of your purchasing power in days. If you bought at the peak you would have lost over 40% of your purchasing power - so how can this credibly be called a store of value? Just because BTC has trended upwards for 10 years or so, doesn't mean it will always go up. 10 years is nothing in financial markets."
Bitcoin is volatile as it is so early, and still finding its price point. This will go on for some time - as you say, 10 years is nothing.
When assessing something as a store of value, the price fluctuations when its in its infancy are not the metric with which it is assessed.
A good store of value is simply transmissable over space, and time.
The best store of value we have ever had is gold.
Bitcoin is better at transmitting over time as the supply schedule is fixed at a rate more consistent than gold, and bitcoin is scarcer.
Bitcoin is better at transmitting over space as you do not need to physically transfer it, unlike gold.
Bitcoin is volatile as it is so early, and still finding its price point. This will go on for some time - as you say, 10 years is nothing.
When assessing something as a store of value, the price fluctuations when its in its infancy are not the metric with which it is assessed.
A good store of value is simply transmissable over space, and time.
The best store of value we have ever had is gold.
Bitcoin is better at transmitting over time as the supply schedule is fixed at a rate more consistent than gold, and bitcoin is scarcer.
Bitcoin is better at transmitting over space as you do not need to physically transfer it, unlike gold.