You hear it all the time from the Jamie Dimons of the world: โ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ ๐ช๐ด ๐ฐ๐ฏ๐ญ๐บ ๐จ๐ฐ๐ฐ๐ฅ ๐ง๐ฐ๐ณ ๐ด๐ฑ๐ฆ๐ค๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ.โ
Nothing could be farther from the truth. Hereโs why๐
linaseiche (npub1clfโฆk28k)
Many view #bitcoin as merely a speculative asset, believing its value lies solely in trading and price fluctuations. ๐๐ฉ๐ช๐ด ๐ฑ๐ฆ๐ณ๐ด๐ฑ๐ฆ๐ค๐ต๐ช๐ท๐ฆ ๐ด๐ต๐ฆ๐ฎ๐ด ๐ง๐ณ๐ฐ๐ฎ ๐ข ๐ญ๐ข๐ค๐ฌ ๐ฐ๐ง ๐ถ๐ฏ๐ฅ๐ฆ๐ณ๐ด๐ต๐ข๐ฏ๐ฅ๐ช๐ฏ๐จ โ both from the speculators themselves and from Bitcoin critics โ ๐ฐ๐ง ๐ธ๐ฉ๐ข๐ต ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ ๐ณ๐ฆ๐ข๐ญ๐ญ๐บ ๐ช๐ด.
While bitcoin's price movements invite speculation, its core value transcends mere market dynamics. Price action, adoption rates, and protocol enhancements will always be uncertain, but ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฒ๐บ๐ฏ๐ผ๐ฑ๐ถ๐ฒ๐ ๐ฑ๐ฒ๐ณ๐ถ๐ป๐ถ๐๐ฒ, ๐ป๐ผ๐ป-๐๐ฝ๐ฒ๐ฐ๐๐น๐ฎ๐๐ถ๐๐ฒ ๐พ๐๐ฎ๐น๐ถ๐๐ถ๐ฒ๐ ๐๐ต๐ฎ๐ ๐ฎ๐ฟ๐ฒ ๐ฒ๐ฎ๐๐ถ๐น๐ ๐๐ฒ๐ฟ๐ถ๐ณ๐ถ๐ฎ๐ฏ๐น๐ฒ, ๐ฎ๐ป๐ฑ ๐ณ๐ผ๐๐ป๐ฑ๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐๐ผ ๐ถ๐๐ ๐ฒ๐๐๐ฒ๐ป๐ฐ๐ฒ.
A prime example is ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป'๐ ๐๐ป๐ฝ๐ฎ๐ฟ๐ฎ๐น๐น๐ฒ๐น๐ฒ๐ฑ ๐ฑ๐ฒ๐ฐ๐ฒ๐ป๐๐ฟ๐ฎ๐น๐ถ๐๐ฎ๐๐ถ๐ผ๐ป. It stands as the ๐ฐ๐ฏ๐ญ๐บ form of money that is not controlled by any single entity. This was tested and proven during the 2017 Block Size Wars, where user consensus prevailed over the largest miners, wealthiest exchanges, and most influential thought leaders in the Bitcoin space at the time. ๐๐ฐ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ๐ค๐ถ๐ณ๐ณ๐ฆ๐ฏ๐ค๐บ ๐ค๐ข๐ฏ ๐ค๐ญ๐ข๐ช๐ฎ ๐ด๐ถ๐ค๐ฉ ๐ท๐ฆ๐ณ๐ช๐ง๐ช๐ข๐ฃ๐ญ๐ฆ ๐ฅ๐ฆ๐ค๐ฆ๐ฏ๐ต๐ณ๐ข๐ญ๐ช๐ป๐ข๐ต๐ช๐ฐ๐ฏ, making any good attributes they may have vulnerable to change.
Another concrete fact is ๐ฏ๐ถ๐๐ฐ๐ผ๐ถ๐ป'๐ ๐ณ๐ถ๐ ๐ฒ๐ฑ ๐๐๐ฝ๐ฝ๐น๐ ๐ฐ๐ฎ๐ฝ ๐ผ๐ณ ๐ท๐๐๐ ๐๐ป๐ฑ๐ฒ๐ฟ ๐ฎ๐ญ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฐ๐ผ๐ถ๐ป๐. This scarcity is hardcoded, and canโt change without everyone agreeing to debase their own savings, thus ensuring that ๐ฆ๐ข๐ค๐ฉ ๐ฃ๐ช๐ต๐ค๐ฐ๐ช๐ฏ ๐ข๐ญ๐ธ๐ข๐บ๐ด ๐ณ๐ฆ๐ฑ๐ณ๐ฆ๐ด๐ฆ๐ฏ๐ต๐ด ๐ฐ๐ฏ๐ฆ ๐ต๐ธ๐ฆ๐ฏ๐ต๐บ-๐ฐ๐ฏ๐ฆ ๐ฎ๐ช๐ญ๐ญ๐ช๐ฐ๐ฏ๐ต๐ฉ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ต๐ฐ๐ต๐ข๐ญ ๐ด๐ถ๐ฑ๐ฑ๐ญ๐บ. This scarcity principle is a key non-speculative characteristic that underpins its value, independent of market price.
Moreover, ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฒ๐ป๐ฎ๐ฏ๐น๐ฒ๐ ๐ถ๐ป๐๐๐ฎ๐ป๐, ๐ฝ๐ฟ๐ถ๐๐ฎ๐๐ฒ, ๐ฎ๐ป๐ฑ ๐๐ป๐ฐ๐ฒ๐ป๐๐ผ๐ฟ๐ฎ๐ฏ๐น๐ฒ ๐๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป๐, making it inherently resistant to control or interference from governments, banks, or military forces. This freedom of transactability is a tangible attribute, not subject to speculation, and upholds the principles of liberty and autonomy.
While Bitcoin's price may be a playground for speculators who donโt yet understand what theyโre trading, ๐ช๐ต๐ด ๐ฎ๐ฆ๐ณ๐ฆ๐ญ๐บ ๐ต๐ฉ๐ฆ ๐ต๐ช๐ฑ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ช๐ค๐ฆ๐ฃ๐ฆ๐ณ๐จ ๐ฐ๐ง ๐ธ๐ฉ๐ข๐ต ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ ๐ณ๐ฆ๐ข๐ญ๐ญ๐บ ๐ช๐ด. Its true value lies in its foundational properties: decentralization, fixed supply, and censorship resistance. ๐ง๐ต๐ฒ๐๐ฒ ๐พ๐๐ฎ๐น๐ถ๐๐ถ๐ฒ๐ ๐ฎ๐ฟ๐ฒ ๐ฐ๐ฒ๐ฟ๐๐ฎ๐ถ๐ป, ๐๐ฒ๐ฟ๐ถ๐ณ๐ถ๐ฎ๐ฏ๐น๐ฒ, ๐ฎ๐ป๐ฑ ๐ณ๐ฎ๐ฟ ๐บ๐ผ๐ฟ๐ฒ ๐๐ฎ๐น๐๐ฎ๐ฏ๐น๐ฒ ๐๐ต๐ฎ๐ป ๐ฎ๐ป๐ ๐บ๐ผ๐ป๐ฒ๐๐ฎ๐ฟ๐ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ. Hence, bitcoin is arguably the ๐ญ๐ฆ๐ข๐ด๐ต speculative asset in history, with its value rooted in absolute, immutable principles.
Next time you hear someone say that bitcoin is a speculative asset, ๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ this with them.
Remember to ๐๐ถ๐ธ๐ฒ๐ค and ๐๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐ this, too!
What are some other verifiable qualities of Bitcoin that require no speculation?
Tell me in the ๐๐ผ๐บ๐บ๐ฒ๐ป๐๐โฌ๏ธ