Bitcoin as good store for value

[yudi09]

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On the other hand, USA and European countires which do not suffer from crippling inflation usually have reliable Fiat payment processors, which people are already used to, so they simply go for Paypal and bank transfers. When banks and Fiat fails is when Bitcoin and other kinds of assets start to get the attention of the average person.

Though, those in developing societies may not enough money to save in the long term, so they prefer stablecoins in most cases.

The influence of high inflation experienced by some countries is one of the obstacles in our discussion.
As was done by the FED where they tightened credit requirements. This is considered to be one way out for economic growth¹.
Other countries are also trying to return to a stable economy with the various incentives they are making.

Image: ecoinometrics

Regarding bitcoin, it is actually quite well known in many countries. However, what we regret is that the advantages and uses of Bitcoin are still very lacking for them. IMO, if many people spread the advantages and uses of bitcoin as mentioned by the OP, of course in the midst of economic conditions which can still be said to be less severe since the pandemic they could use it as a hedging asset for the future as an alternative to saving the value of fiat currency.

1. https://twitter.com/ecoinometrics/status/1701269741133021371

[Minor Miner]

But I don't think store of value and investment are the same. As far as I know, store of value means an asset that has the ability to maintain stability in the value of your assets and when it comes to investing, has the potential for profit or loss. And bitcoin is highly volatile, how can it be said to be a store of value?

Gold may indeed be the ideal choice, but I perceive Bitcoin as a more accessible alternative.

The volatility and relatively young age of Bitcoin, compared to gold or bonds, make it somewhat risky for those unaccustomed to such price fluctuations. However, there are other aspects that serve as the foundation for the narrative of Bitcoin as a store of value, notably its limited supply and decentralization. And it's precisely this aspect that leads some people to refer to Bitcoin as digital gold.

It's still too simplistic to assert that Bitcoin has now become the sole, most stable asset in times of devaluation. However, everyone possesses their unique financial acumen, which implies that BTC could potentially serve as an ideal refuge for certain individuals.

Decentralization is the most outstanding feature of bitcoin compared to other assets, but what I want to say is that with bitcoin's quite large volatility, is it suitable as a store of value? As I said, storing value means we need the value of our assets to be stable under all circumstances, not too volatile.

Decentralization is really good at storing our assets, but volatility will make the value of our assets unstable in the short term, which is what I worry about when using bitcoin as a storage store value.