Bitcoin does seem like a great store of value, but as far as I know transacting with it is still quite expensive, and obviously not accepted in most places. Watching the USD be devalued in real time while BTC or Gold maintain value does drive home its utility as a store of value for sure.
But I can't buy groceries or pay rent with it, so i don't see how it works for the usecase I was talking about above. There's lots of ways to convert back and forth but you pay fees on each conversion so it's not economical to use for payments.
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Bitcoin does seem like a great store of value, but as far as I know transacting with it is still quite expensive, and obviously not accepted in most places. Watching the USD be devalued in real time while BTC or Gold maintain value does drive home its utility as a store of value for sure.
But I can't buy groceries or pay rent with it, so i don't see how it works for the usecase I was talking about above. There's lots of ways to convert back and forth but you pay fees on each conversion so it's not economical to use for payments.