I can’t disagree. It could have been a better currency if this digital gold narrative wouldn’t have been so pervasive though.
Discussion
the store of value narrative will fall too. then - what is left?
It’s certainly possible although I would not discount the possibility that #Bitcoin keeps going higher. Paradoxically, the U.S. may not mind seeing the price of Bitcoin going higher as long as it remains unusable as a P2P currency. The next bear market will tell us more about the resilience of the store of value narrative.
Sure it can go higher.
I think it is likely sooner or later KYC data & withdrawal address from a big exchange will leak. Then people will realize a public, transparent ledger is not a good store of value but a security risk.