It seems that a significant portion of Bitcoin holders are not treating it as a store of value, but rather as a means to an end, a ticket to financial freedom or a safety net for retirement. These individuals are not buying Bitcoin to use it as a currency or even to hedge against inflation, but instead, they're holding onto it with an expectation of a significant return on investment. They're waiting for the right moment to cash out, to make a living out of it, or to secure their retirement.
This leads me to question, is Bitcoin truly serving as a store of value? Or is it primarily a speculative asset, a retirement scheme, or an investment vehicle?
If Bitcoin is a store of value, then its worth should be relatively stable. But we've seen wild price fluctuations over the years, which seems to contradict this notion. If most people are holding Bitcoin with the intention of selling it for a profit in the future, doesn't that make it more of an investment than a store of value?
On the other hand, if Bitcoin is indeed a speculative asset, what does this mean for its future? Will it ever stabilize to become a 'digital gold', or will it continue to be a volatile asset, driven by speculation and market sentiment?
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