Network Effects & Valuation - The existing store-of-value network possesses substantial network effects [1] - Newer networks are comparatively small and less significant [1] - These smaller networks may negatively impact the functionality of the larger, valuable store-of-value network [1]

RT Nick Szabo (@NickSzabo4)Bitcoin's functionality as a store of value is not improved by most of these apps, and as the legible content problem illustrates, it is often degraded by their demands for legible-sized data buckets and other demands that degrade Bitcoin's trust minimization, make its operation riskier or otherwise more costly, or prevent it from making improvements that would further minimize trust or otherwise improve its currently superior ability to store value. ...

BlackRock’s digital assets head Robbie Mitchnick said Bitcoin investors aren’t betting on it becoming a global payment network, calling that scenario “out-of-the-money optionality,” while the core thesis remains digital gold and store of value. He added that Bitcoin would need major progress in scaling and Lightning to compete in payments, whereas stablecoins have already seen “huge success” and are expanding from crypto trading and DeFi into retail remittances, corporate cross-border payments, and capital- ...

The @Tether_to idea maze simplified:Tokenize the assets everyone already trusts and wants (USD, gold)Move them from slow legacy ledgers to fast programmable blockchains, andEarn enormous float + rail rents as trillions of $ migrateToken Terminal 📊 (@tokenterminal):🇨🇭⛰️ "A Swiss Gold Vault in your Pocket."@Tether_to has tokenized over $2 billion worth of gold on @ethereum.XAUT serves users that want to access a non-fiat store of value onchain.An asset to follow 👇 https://t.co/DJXf7TpM0S ...

RT Avocado Toast (@avotoast)So recent BTC price action has pretty much killed the digital gold narrative (you can't underperform analog gold) and it's obviously not been a store of value/safe haven asset (the Blackrock/Fink pitch)The performance, correlation to equity downside, and poor sharpe ratio pretty much guarantee it's not making its way into big money portfolios (pension/endowment/private wealth channels) at scale anytime soonPpl argue with me on this last point (but it's a debasement trade!); these ...

🔥 BULLISH: Pension funds are starting to view Bitcoin as a real store of value, citing its scarcity and long-term resilience. https://t.co/y1uFaKVRTQ ...

RT Bitcoin Magazine (@BitcoinMagazine)NEW: 🇦🇪 The Abu Dhabi Investment Council on why they tripled their investment in #Bitcoin:“We view Bitcoin as a store of value similar to gold...we see Bitcoin playing an increasingly important role alongside gold.” 🐂 https://t.co/XdP87kmQ9e ...

NEW: 🇦🇪 The Abu Dhabi Investment Council on why they tripled their investment in #Bitcoin:“We view Bitcoin as a store of value similar to gold...we see Bitcoin playing an increasingly important role alongside gold.” 🐂 https://t.co/XdP87kmQ9e ...

RT Nick Szabo (@NickSzabo4)Bitcoin since its inception has been climbing a learning curve : every year more long-term savers and investors learn about its superiority as a trust-minimized and dilution-minimized store of value. Its dominant signal thus resembles the price action of hot NASDAQ companies that are also climbing learning curves. And like hot stocks, that climb invites debt-funded speculation and the resulting volatility. Other signals are real and there but tend to get buried in the by the domin ...

Bitcoin's Price Dynamics - Bitcoin's price action resembles that of high-growth NASDAQ companies due to its ongoing learning curve and increasing adoption as a store of value [1] - Debt-funded speculation contributes to Bitcoin's price volatility, similar to hot stocks [1] Signals Influencing Bitcoin - Bitcoin's primary signal is driven by its increasing adoption as a trust-minimized and dilution-minimized store of value [1] - Secondary signals, such as global money supply, gold price, and real bond yields, are currently overshadowed by the dominant adoption signal and volatility [1] - These "debasement trade" signals are expected to become more prominent as Bitcoin matures and completes its learning curve [1]