[anonymous5133]

It can get seized by the government. Any traditional assets or physical assets that is. Bitcoin and crypto is significantly harder to do that. You basically need to get the private key. IMO, this is the main reason that it is a a superior store of value compared to gold, dollars or traditional assets. If your government is corrupt then it is reasonable that the police will seize your gold. Not much of a store of value if it can just be taken away from you.

[vasilipupkin]

Understood, but that doesn't explain why it's a store of value meaning why can't bitcoin cost 5k vs 10k

[hw]

supply vs demand. More and more people are getting introduced to bitcoin, understanding it and buying into it. There's also a cap on the total number of bitcoins, so scarcity is another factor. Just like why gold is worth X instead of X/2

[geezerjay]

> More and more people are getting introduced to bitcoin, understanding it and buying into it.

That's pretty much the definition of a pump-and-dump scheme.

[vasilipupkin]

ok, but gold sometimes is worth X and sometimes X/2, if you actually plot the chart of gold. Gold is not exactly a great investment