A price chart isn't enough to call something a store of value. If all the people who stored their value in #Bitcoin would want to access it a lot of them would have to realize losses. Miners are permanently extracting value behind the scenes. Liquidity is drained, permanently. /1

The USD is a good store of value because it is legal tender. People don't have to cash out. Forex is just a small portion of the velocity of the USD. Most is facilitating trade. There's huge liquidity underlying its speculative side. /2

Store of value also isn't an attribute you just can assign an asset. It's a consequence of what the USD (or the YEN, the EUR) does worldwide. It follows function. The same was true for gold, which served as means of payments for thousands of years. /3

Many #Bitcoiners tend to believe that all it takes for something to be a store of value is collective belief that it is. This is a cynical perspective. Belief is the most fragile thing there is. But in case of #Bitcoin : Without belief little demand (except crime, but lol). /4