Bitcoin
There has been a lot of debate whether Bitcoin represents digital gold, a safe-haven asset that can potentially outperform traditional metals such as gold and silver, thus become the ultimate way of wealth preservation.
Before we jump to a conclusion let's see what it takes for something to become a store of value and what properties it has to possess to be considered such.
A store of value is an asset that's capable of retaining the value over a longer time period. Given that the current financial system is on the verge of collapsing, I believe it's a good time to start thinking of how to preserve your wealth(if you have any in the first place haha).
We have had countless fiat experiments throughout history, and 99% of them failed to deliver. If you think that's a coincidence you're fooling yourself, Banks and Governments know exactly what they're doing and they don't give a shit.
Whenever something becomes centralized to a point where the minority has the power to unilaterally bring a decision regarding the most important questions, it inevitably leads to corruption - Overtime.
So thinking that USD or EURO is a good way of storing your wealth, think again.
There's a problem though.
The main concern regarding BTC being a store of value can be found in BTCs high volatility. It might seem unintuitive, especially if we consider how BTC tends to have high price fluctuations, sometimes losing 20% of its value, BTC is still considered, by many, as a store of value.
From the early days of Bitcoin, crypto enthusiasts have made the case for Bitcoin being more akin to "digital gold" then a simple peer to peer digital currency. This narrative is accepted by the vast majority of Bitcoin proponents and to be quite honest, I see BTC exactly as an asset that not only stores the value, rather includes freedom and sovereignty as well.
Scarcity
Perhaps one of the most persuasive arguments for the store of value hypothesis is that bitcoin has limited supply. There will never be more than 21 million bitcoins, and there's no way for anyone to disrupt the protocol.
The only way of creating new tokens is through the process of mining, and there's no government or Bank to decide otherwise. Well, theoretically, there's a way of compromising the network but it would take a lot of resources to make it off, and little value would end up left - it's not economically viable.
Decentralization
This is also a property worth considering since silver and gold are both decentralized to some extent. The more holders, node operators, wallets, transactions, the more it's worth.
It implies that there's a general trust from the community, and it's highly unlikely for it to be a scam - which most people thought at its early stage.
The Bitcoin network is decentralized enough to offer security to holders. If we add transparency and immutability on top of it, the future looks even better.
Low Barrier to Entry.
Anyone who wants to invest can do that, regardless of how deep your pocket is. This is actually a great thing as it allows small fishes to participate making the whole thing more homogenous.
Unlike gold, diamonds, and similar, you can own $10$ in Bitcoin. It doesn't matter, depends only on how much is one willing to invest.
Being a young industry/asset, BTC has yet to prove itself being worthy and the upcoming 3 years will be the main catalyst.
Watch your back boyz, fun times ahead.