[efwfwef]

> So then it becomes a digital store of value, one that is only as valued as the market gives it, and typically markets eventually correct when there’s no underlying true value proposition (as we can see with $GME).

You're not missing anything, you said it yourself it's a store of value. Maybe markets eventually correct, but in the last 10 years Bitcoin has only gone up, so if you had planned to use it to store value for 10 years a decode ago, then it worked pretty well.

> It also pushes only towards deflation, so it’s terrible as a wide spread value store because it removes an important tool that governments have to handle the economy

Well it's a store of value, not a tool for the gov to handle the economy.

[Thorrez]

>in the last 10 years Bitcoin has only gone up

It was $19k in Dec 2017 and $3k in Dec 2018.

[efwfwef]

if you haven't sold*

[Thorrez]

It really depends on your definition of "only".