If you need a synapsis on why BTC is worth anything:
BTC can/should indeed be regarded as digital gold and thereby store of value.
Gold is gold mainly because of the following monetary attributes:
1) Scarcity: It is rare. Rarer than silver therefore worth more per pound.
2) Limited supply: The amount of newly mined gold is little compared to existing market cap.
3) Durability: Gold cannot really be destroyed and is corrosion resistant nor does it decay.
4) Verifiable: Gold is hard to counterfeit.
These are the fundamentals of gold's value, no more no less.
Btw people who say that gold has an underlying use case bc it is used for jewelry are wrong.
Jewelry is a cherry on top, not a fundamental.
Jewelry made of gold is worth a lot BECAUSE of the above points rather than gold being worth anything due to jewelry. Otherwise gold plated brass would be worth just the same.
NOW let's look at how BTC stacks up:
1) Scarcity is given. There will ever be only 21M BTC in existence due to its immutable code.
2) Limited supply is defined even more transparently and precisely than gold. We know the hash rate and mining amount at all times.
3) Plain indestructible as digital (unless user error with wrong address/lost access).
4) Downright impossible to counterfeit, absolutely security.
In addition BTC has
5) Divisibility: Can be divided without energy loss into 10^8 (100M) smaller parts (Satoshis, like cents to the dollar).
6) Transferability:
You can send it around the world without additional energy loss.
Imo BTC is not good at being a currency due to the network fee but excellent as store of value like gold.
The role it will play for the finance world will only become bigger long term.
I thought being heavily overweight crypto in bull runs was fun but have you tried being heavy cash since q4 of the post halving year in a bear market?
I know others are hurting but I was there too and learned my lesson last cycle and can’t help but celebrate the dumpage.
So relaxing to be on the sidelines.
@Vivek4real_@Micro2Macr0 Last time this happened there were no bullish posts and opinions left.
Every time it happened that was the case.
This time the bottom might not be in. How reliable are diagonal tend lines anyway?
Just advocating to be prepared in case it doesn’t hold.
Which still means you cannot trust it and even the institution who holds it for you doesn’t know.
Unless they check with rigorous methods.
Which will make the cost of gold billions vs their value in gold go up.
Verifying is the issue. One of the issues of this form of store of value that is solved by Bitcoin.
@Micro2Macr0 I don’t think a -6% measured move from a chart pattern equates to somehow being a price floor for that asset.
That’s not to say that I wouldn’t agree that if you put a gun to my chest and forced me to choose between selling and buying her I’d rather be a buyer here.
For the exterior I am not a fan but that interior is flabbergasting.
What keeps compelling designers in the year 2026 to somehow think an EVs should look a certain way that other cars would never look like.
What is this supposed to be? Art deco future? Or saving money on CAD designers lol.
@ctoLarsson I personally hate YouTube notifications in general even though I spent more time on it than any other website by a lot.
Never use the stupid bell.
@xai please make Grok Apple Watch integrated to have talk to grok directly available via mic and speakers of the watch.
Lots of third party solutions exist with different llms on different devices.
The demand is there.