The major reason why most people are into this market is owed to its volatility nature. Now, it is on the person himself how he will get a good grasp of this aspect to take advantage of this nature. For an individual to invest on this market, he should at least know the risks involved in order for him not to totally screw up his funds.

In another aspect, some people are seeing it as the digital gold. However, the stability of price is still in question as the volatility is still high. For some, they can already take the advantage of holding it as they have seen the uptick of prices thru the years.

I don't think scalability would be much of an issue for storing value. Most people wouldn't even mind paying a high fee if they want to move large amounts of money across the Bitcoin blockchain. For use as digital cash, this would be a serious problem. But for that, we have plenty of altcoins to choose from.

With BTC's limited supply and deflationary mechanics, it's hard to believe the public's perception of it (as digital Gold) will change anytime soon. Despite naysayers' comments, BTC is better than Gold because it's portable with a predictable supply. You can fit millions of dollars into BTC on a small piece of paper or even a microSD hidden from plain sight (portability). You can even take that with you at the airport without bringing unwanted attention. With Gold, it's another story. Will you be allowed to travel with large amounts of physical Gold bullion? Of course not! For this and many other reasons, I think Bitcoin will ultimately win. It will become the world's digital Gold by surpassing Gold's market cap. Just you wait and see.

But not everyone likes the volatility of bitcoin and that is why not many big investors invest in bitcoin. Most investors in bitcoin are small and medium investors, and they are willing to take risks to get rich. Or as we see, no country or government has considered using bitcoin as a national reserve asset so far. They are still focused on accumulating gold and if bitcoin remains volatile, I believe it will be very difficult to compete with gold in this regard.

Overall, bitcoin volatility can be an advantage but it can also be a disadvantage, it is not perfect and not everyone likes that volatility.

One among the major reason or challenges that Bitcoin is facing in becoming a universally accepted store of value is as a result of misconceptions of people not to be able to make or understand the clarity between Bitcoin and other coins hence passing wrong information or generalizing functionalities of Bitcoin in terms of other coins whereas Bitcoin is nothing to be compared with other coins which of course majority of them has been used  for scamming and fraudulent activities, my point is that one of the challenges is people passing out wrong information about Bitcoin and at such retarding it's general adoption, criticism from those that doesn't understand Bitcoin as a coin that stood out of the crowd as the best coin of it's own kind.

Thanks for the recommendation! I'll definitely check it out. Always good to explore more resources on the topic.

I think even dropping 1% is near impossible during a trade itself, I mean trading is something instant, so it should be a very tiny thing if you are not taking your time, if you keep waiting for a better time to trade then maybe it will happen, but normally only a few hundred dollars could move at most, probably not even as high as hundred dollars when I try to trade because I do it very quickly.

In the end, people should realize that it's easier to just focus on doing better, and because of that it's easier to handle all of this, because we know what we are doing and it shouldn't be something we worry about at all. Bitcoin will continue to be great and transactions/trading will get faster and cheaper in the future when we solve those issues.

I believe it is inevitable. The way Bitcoin was conceived, with finite supply and a steadily reducing inflation schedule, would have drawn comparisons to gold anyway. I'm also not exactly happy on that, but it is understandable.

I also don't think it holds back Bitcoin or stopped it being a medium of exchange. However, for sure, it boosted the speculative use.

Being a "store of value" is however also a requirement for any medium of exchange which wants to be used not only for very short-term transactions. Fiat for example needs the use case of "saving" too.

To achieve this, i.e. to stabilize, the challenge for Bitcoin is to move from a primarily short-term speculation asset - the "ride the waves" scenario - to a long-term saving asset - "HODL" or "DCA". I believe it's on a good way, but of course the financial sector currently heavily "storming" into Bitcoin with ETFs and other products has highlighted speculative usage again.

The "digital gold" narrative can help with this purpose a bit because it is easy to understand and can also drive people into long-term investments. However, I still think that Bitcoin needs to boost the "currency" usage too, because it's what Bitcoin was originally conceived for, and it's the main use case of cryptocurrencies - the one where censorship resistance is most important.

I know you're pessimistic about Bitcoin in this regard and promote a certain altcoin instead (an altcoin I also like, but let's not go OT here again) But I see a lot of movement in the second layer development lately which could help with the "use as a currency" issue. BitVM2, Ark, new ideas for LN, even more centralized approaches like Stacks and Nomic, all these could help to make the "currency" usage cheaper and more resilient against spam waves like the Ordinals/Runes waves.

In your opinion, bitcoin price has been high for many years, but how many years specifically? 16 years? Meanwhile, gold is an asset that has existed and maintained its value for thousands of years. If I remember correctly, gold was discovered and used before 5000 BC, and don't you find it lame to compare a 16 year old asset with a 1000 year old asset?

I am not denying the potential of bitcoin and I mean it is too early to declare or assert that bitcoin is the best asset and comparable to gold. The future of bitcoin could be digital gold, this sounds very promising and we should expect it to come true. But right now, bitcoin is not comparable to gold and it is not digital gold. The only thing that makes bitcoin more attractive than gold is in terms of returns due to its volatility.

Few to this day. Bitcoin had more challenges when it was commonly considered a ponzi scheme that was only used to buy drugs on the deep web and gamble in unlicensed casinos.

Nowadays it is already widely used as SoV and more and more, although I would say that it is still used much more for payments than for example gold. But as the price continues to rise I think the trend towards use as SoV will increase.

As of today there are few challenges, as it has been regulated for sale and use in most countries, and if the USA were to create a strategic reserve of bitcoin, which implies a use as SoV, it is normal that other countries would start to copy it.

This is just an opinion and think one of the biggest challenges is regulatory uncertainty. There are many global measures in place to regulate cryptocurrencies, and these may impact the rate of adoption and usage of Bitcoin. Another challenge pertains to scalability issues. This is because a lot is left to be desired regarding improvements in the transaction capabilities of Bitcoin in handling volumes. Besides, the unstable nature of Bitcoin's price may not make it ideal for a store of value. Indeed, this takes sustained stability to reach such mainstream adoption. Security concerns relating to the wider environment of cryptocurrencies and the ecological footprint of Bitcoin mining are also issues of some relevance. Education on the benefits and risks would serve to increase the adoption of Bitcoin. And if that were not enough, it has to compete with other digital currencies. Despite all these challenges, in the growth of community interest and the integration into financial products lies great potential for Bitcoin. If all those mentioned above are properly solved.


You are right, government regulation is going to play a role in the future of Bitcoin, and it will be much stricter regulation by governments. With the rise of the CBDCs, Bitcoin is most likely going to suffer further. The governments can ban or severely limit Bitcoin to protect their financial systems and favor CBDCs, seen to be more controllable and integrated with the traditional financial system.

In fact, tensions between Bitcoin and CBDCs can make a difference in the largest store of value attribute of Bitcoin. How governments handle that will determine the balance. A regulatory framework that fosters innovation and is transparent will help Bitcoin grow, while negative restrictions can deter its growth and adoption.

It will be interesting to see how this momentum develops and how Bitcoin changes under these regulatory pressures. Can it at the same time really keep up its value proposition as an alternative to the state in the 1990s? How do you think Bitcoin could respond to such legal challenges? What might this finally mean for its future as a store of value?