[axg11]

What are the KPIs for any store of value? I don’t think you can value Bitcoin in the same way you value a revenue generating business. I think the value makes more sense when you look at it as an abstract and digital store of value to replace existing solutions that require trusting another party and are subject to easier censorship.

I think looking at the total number of transactions on the Bitcoin blockchain doesn’t tell the full story anymore either. There are thousands of new cryptocurrencies and other solutions, each with transactional activity. Increased usage on Ethereum, lightning network, Solana, etc indirectly benefits BTC, since, BTC is the tried and tested protocol with arguably the most decentralisation and no figurehead.