Thinking that Bitcoin qualifies as a “store of value” because of its non-monetary properties is like thinking US Dollar bills are a store of value because they can be used as kindling or toilet paper. - Roger Ver 2024

Thinking that Bitcoin qualifies as a “store of value” because of its non-monetary properties is like thinking US Dollar bills are a store of value because they can be used as kindling or toilet paper. Though that utility does exist, it’s tiny when compared to the value of being a secure, international, frictionless medium of exchange. Satoshi understood that the transmissibility of Bitcoin was a central feature that gave it value. Yet, that feature was intentionally destroyed by the Bitcoin Core developers, giving BTC almost no unique value proposition when compared to other cryptocurrencies. Not only do other coins have lower fees, they also have superior non-monetary functionality.