The article argues that Bitcoin's significance extends beyond its characteristics as a store of value; it is fundamentally about its role as a medium of exchange. The author challenges the notion that Bitcoin should be pigeonholed into serving only as a digital gold equivalent. They emphasize that for Bitcoin to retain value, it must facilitate transactions—without a medium of exchange, the value you believe it holds can evaporate. Personal anecdotes are shared to illustrate the risks of viewing Bitcoin purely as a store of value in volatile markets.
The biggest aspect of Bitcoin is the medium of exchange, not just store of value, as without it, the concept of value diminishes.
There's no store of value without a medium of exchange! The ability to transact is paramount for maintaining value.
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