Subnostr

Claiming that #Bitcoin is merely a speculative store of value is an inaccurate, outdated, and intellectually dishonest assertion, given the factual evidence.

Here are some key facts about Bitcoin:

1. 14-year robust track record

2. 99.99% network uptime

3. 24/7 seamless operations

4. 105% annual average return

5. $546 billion market cap

6. 21 million Bitcoin hard cap policy

7. 320.42M TH/s all-time high network hashrate

8. Global liquidity for efficient access

9. Lower transaction fees compared to traditional financial services

10. Growing developer community and ecosystem

11. Greater public awareness and acceptance

12. Expanding use cases and utility

13. Enhanced infrastructure for easy user onboarding

14. Integration with existing financial services

15. Improved Bitcoin education and accessible online resources

16. Growing institutional adoption

17. Active regulatory discussions for increased clarity

18. Environmental initiatives for sustainable mining practices

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Discussion

peterzander 2y ago

How does Bitcoin Ownership work?

What are Bitcoin Receipts?

BoomTown 2y ago

Just to hold you to a high standard, #s 8-18 aren’t facts. We’re currently “store of value” phase with an emerging “means of exchange”

Mass adoption of the “store of value” utility will lead it to higher “means of exchange” adoption, with emerging “unit of account” utility.

IMO, there is nothing wrong with getting to 1 BTC = 1M USD using primarily the “store of value” utility alone.

🧡💜

Phundamentals 2y ago

I agree with almost all of this. I will say that it’s designed to be a speculative store of value - this is why Satoshi didn’t give us all 21m coins at once. This is why people today hold it.

But as you correctly exclaim - it is so much more than that.