[tonyvince7]

The main problem with this analysis is that it is purely based on the fiat standard. Bitcoin as a store of value is conceptualised as an alternative to this fiat standard. Over the years many "experts" claimed

- Bitcoin will collapse at x and will never recover

- The institutional adoption will not happen

- It can not be used for day-to-day payments

- It will never become a legal tender

We all know what happened to these predictions over the years.

[nroets]

My main problem with Bitcoin is that the number of times it has been used for advertising prices is still negligible. By contrast, fiat currencies are ubiquitously used to advertise prices. So Bitcoin got its intangible differently from a normal fiat currency and Bitcoin can loose it again. https://bitcoin.isnot.money