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If you need a synapsis on why BTC is worth anything:
BTC can/should indeed be regarded as digital gold and thereby store of value.
Gold is gold mainly because of the following monetary attributes:
1) Scarcity: It is rare. Rarer than silver therefore worth more per pound.
2) Limited supply: The amount of newly mined gold is little compared to existing market cap.
3) Durability: Gold cannot really be destroyed and is corrosion resistant nor does it decay.
4) Verifiable: Gold is hard to counterfeit.
These are the fundamentals of gold's value, no more no less.
Btw people who say that gold has an underlying use case bc it is used for jewelry are wrong.
Jewelry is a cherry on top, not a fundamental.
Jewelry made of gold is worth a lot BECAUSE of the above points rather than gold being worth anything due to jewelry. Otherwise gold plated brass would be worth just the same.
NOW let's look at how BTC stacks up:
1) Scarcity is given. There will ever be only 21M BTC in existence due to its immutable code.
2) Limited supply is defined even more transparently and precisely than gold. We know the hash rate and mining amount at all times.
3) Plain indestructible as digital (unless user error with wrong address/lost access).
4) Downright impossible to counterfeit, absolutely security.
In addition BTC has
5) Divisibility: Can be divided without energy loss into 10^8 (100M) smaller parts (Satoshis, like cents to the dollar).
6) Transferability:
You can send it around the world without additional energy loss.
Imo BTC is not good at being a currency due to the network fee but excellent as store of value like gold.
The role it will play for the finance world will only become bigger long term.
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