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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Like all forms of currency, Bitcoin is given value by its users, supply, and demand. As long as it maintains the attributes associated with money and there is demand for it, it will remain a means of exchange, a store of value, and another way for investors to speculate, regardless of its monetary value.www.investopedia.com/ask/answers/100314/why-d…According to Glassnode data, bitcoin stores a total of about $380 billion in value, down from a peak of $460 billion. But, importantly, this is four times more than in December 2017 – when bitcoin was priced around where it is today. So, money has flowed into the network – to store value.www.coindesk.com/markets/2023/03/15/evaluating …Bitcoin’s retention of purchasing power over ten years suggests it can be considered a store of value. Being decentralized, the Bitcoin network is insulated from monetary manipulation and intervention. Bitcoin is like digital gold because it is portable, divisible, and relatively scarce.www.tastycrypto.com/investing/bitcoin-store-of-value/Bitcoin has been compared to gold, which is known as the ultimate example of a store of value because it's scarce and doesn't break down over time. Some think bitcoin could swipe market share from gold as the "safe-haven" asset of choice for investors.www.morningbrew.com/daily/stories/2021/03/23/q…The primary reason Bitcoin is considered a store of value is its limited amount of 21 million, as well as an ever-decreasing fresh supply of Bitcoin as the mining rewards are designed to decrease over time during events known as “ halvenings ”.phemex.com/academy/what-is-store-of-value-bitcoin
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