There was a person on CNBC screaming, “What does Bitcoin solve? What does Bitcoin solve? Nothing! There’s no utility!” I really wanted to shout back at him, but I couldn’t.

Here’s what Bitcoin solves, in my personal opinion:

If a wealthy person wants to store their money, protect it from devaluation, and simply stay wealthy, they can do so by buying Bitcoin. No one can devalue their wealth if it’s stored in Bitcoin. They don’t need to chase after 15 apartments or 55 acres of land just to preserve their wealth. If you own 15 Bitcoin, it will always be 15 Bitcoin—no one can dilute its value.

And what’s the outcome of this? A 25-year-old just out of college can buy a home at a reasonable price without a monetary premium inflating the cost. Someone flipping burgers can own a small piece of land, build a house on it, start farming, or whatever they want—without being priced out. They can afford to start a family, buy an apartment, and live a decent life.

That’s the promise of Bitcoin, in my view. It levels the playing field and restores fairness to wealth preservation and access.