as market activity is unpredictable hooman activity, this latter definition of store of value doesn’t exist. the most u can get to is “boring commodity” with stable buy/sell activity (like cash, avocados, and lumber)
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2 definitions of store of value that should not be confused one is the inability to be diluted by external actors the other is market price consistency across time
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this means that preserving short term liquidity is different than preserving equity e.g. if i think 1 bitcoin is worth 50k of work toasting avocados, NOONE can touch my crystallized avocado blood sweat and tears
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vs say i trade my avocado tears for 50k dollars. i go into cryosleep and wake up. now i can only buy one avocado for 50k my equity stake in the dollars was diluted so my purchasing power was obliterated
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so if i really really really think 1 bitcoin is worth 50k, it is the BEST thing i can buy however if i am making expectations of market behavior, then i can easily wile out all my liquid assets
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and this is hard. bitcoin has no actual value and is not a productive asset that yields. it is primarily a “perfect” safe haven. (though in the coming years it will likely act as a rapidly appreciating high vol asset bc such a thing has never existed and is desired)
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tldr bitcoin is like your SO, it’s a love hate relationship but at least u always have each other. fiat is like a coworker u talk to in the same professional range of dry topics day and day out while actually slowly becoming strangers
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End of conversation
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